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No Mercy / No Malice

Acktivism

Scott Galloway

2024-01-19 17:15:38

Full article at: Source link

Summary

The article discusses the activities and effects of activist investors, specifically focusing on Bill Ackman’s influence on university governance, social issues, media criticism, and the consolidation of power. It also addresses broader themes of increasing influence and direct-to-consumer tactics by wealthy individuals, raising concerns about the distribution of power and democratic instability due to decreased support for public institutions and a concentration of power in private hands.

Key Themes

Plagiapalooza: A discussion of citation inaccuracies and allegations of plagiarism against Bill Ackman and his wife, and the ensuing demand for retractions and lawsuits.
Shareholder Activism: Explanation of activist investors seeking to influence companies for greater returns, and the industry specialized in activist campaigns.
Invasive Species: The emergence of wealthy individuals as direct influencers and activists in social, political, and media matters, bypassing traditional channels.

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