Two professors take part-time jobs as activist investors in Tejon Ranch Company, which has underperformed the S&P 500 (chart) while the top managers get fatter and happier. Then the profs write about the experience: “Frank and Steven’s Excellent Corporate-Raiding Adventure” (Atlantic).
- economic recovery plan (November 2008; I suggested that one way to get the U.S. out of its economic collapse/stagnation was “corporate governance that relieves investors from worry that profits will be siphoned off by management”
- Anatomy of a Small Bank (2009 article on Brookline Bancorp)
- Brookline Bancorp Executive Compensation for 2012 (follow-up)
- chart of Brookline Bancorp compared to the indices (2007-2017)