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“Shareholder activism works when activists understand something about the characteristics of the business that the board doesn't.” quote by Ben Horowitz
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“Shareholder activism works when activists understand something about the characteristics of the business that the board doesn't.”

Ben Horowitz

About This Quote

Source Book: The Hard Thing About Hard Things, 2014

Activists succeed when they know business traits the board overlooks.

In simple terms: Understanding hidden business aspects gives activists an edge.

Key Takeaway

Gain deep insight into company specifics.

Themes

activism business strategy board relations

Mood

strategic insightful

Type

business advisory

When to use this quote

  • mergers
  • corporate governance
  • investment decisions

Key Concepts

information asymmetry strategic insight shareholder rights

Questions to Reflect On

  • What data can activists uncover?
  • How can boards preempt activist moves?
A Different Perspective

Boards may adapt to activist pressure.

4.2 out of 5 (4 ratings)

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