5 ms·
I would think this is Jana's move and CalSTRS is just a pawn. Rosenstein is scrappy and happy to stir the pot to invoke a stock price spike (see PetSmart sale a
by SamPutnam 9y ago
I would think this is Jana's move and CalSTRS is just a pawn. Rosenstein is scrappy and happy to stir the pot to invoke a stock price spike (see PetSmart sale and Whole Foods).
- IBM 9y agoJana is raising a fund for activist socially responsible investing, so that's clearly their motivation [1]. CalSTRS is $1.3B of the combined $2B so I doubt they're "just a pawn". [1] https://www.wsj.com/articles/wall-street-fighters-do-goodersand-stingconverge-in-new-jana-fund-1515358929 https://www.wsj.com/articles/wall-street-fighters-do-gooders...