Five Elements of Activist Stewardship: Insights from Two Letters

by dennis | Jul 30, 2021 | Articles 2021, News & Analysis

Robert G. EcclesauthorFollow SustainabilityTenured Harvard Business School professor, now at Oxford University. Engine No. 1 and Elliott Advisors each invested millions of dollars to do careful and in-depth analyses prior to launching their campaigns to improve the...

SEC Commissioner Hester M. Peirce’s Chocolate-Covered Ideological Screed

by dennis | Jul 27, 2021 | Articles 2021, News & Analysis

Robert G. EcclesauthorFollow SustainabilityTenured Harvard Business School professor, now at Oxford University. One week ago today on July 20, 2021 Trump appointee SEC Commissioner Hester M. Peirce (R) gave a 4,725 word speech to the Brookings Institution...

A Dutch Court Fires A Warning Shot Across The Bow Of U.S. Enterprise

by dennis | Jul 23, 2021 | Articles 2021, News & Analysis

Robert G. EcclesauthorFollow SustainabilityTenured Harvard Business School professor, now at Oxford University. After baseball, litigation is America’s national sport. A Harvard Law School paper, “Comparative Litigation Rates,” by Professors J. Mark Ramseyer &...

What the Shell Judgment Means for US Directors

by dennis | Jul 22, 2021 | Articles 2021, News & Analysis

Robert G. EcclesauthorFollow SustainabilityTenured Harvard Business School professor, now at Oxford University. The recent decision of a Dutch court in Milieudefensie and Ors. v Royal Dutch Shell plc reinforces the expansion of tort law to climate change issues. As...

The International Sustainability Standards Board As An Ideological Rorschach Test

by dennis | Jul 13, 2021 | Articles 2021, News & Analysis

Robert G. EcclesauthorFollow SustainabilityTenured Harvard Business School professor, now at Oxford University. One of its attributes that Makes America Great Again and Again is that people are free to express a wide range of views. For example, on the left there are...

The Curious Case Of Elliott Advisors And GSK: Are Activist Investors What They Used To Be?

by dennis | Jul 10, 2021 | Articles 2021, News & Analysis

Robert G. EcclesauthorFollow SustainabilityTenured Harvard Business School professor, now at Oxford University. On July 1, 2021 Elliott Advisors (UK) Limited published a letter sent to Sir Jonathan Symonds and Members of the Board of Directors of GSK, which includes...

Dear Mr. Buffett: How Does It Feel To Be Like A Rolling Stone?

by dennis | Jun 29, 2021 | Articles 2021, News & Analysis

Robert G. EcclesauthorFollow SustainabilityTenured Harvard Business School professor, now at Oxford University. Once upon a time you dressed so fine Threw the bums a dime in your prime, didn’t you? People call say ‘beware doll, you’re bound to...