Activists Fall Short on Coaching Management: Kaplan

The transcript discusses the role of activists in influencing company strategies, particularly in the fast food industry, and highlights cases where activists may have overstepped their expertise. It emphasizes the importance of focusing on portfolio management, capital allocation, and governance rather than direct management intervention. The discussion also covers how companies should handle activist investors, using Dow Chemical as an example. Finally, it touches on the limited impact of midterm elections on business priorities, suggesting that CEOs should focus more on economic factors and the Federal Reserve's actions.

How should a company's board respond to suggestions from activists like Dan Loeb?

What are the main issues that CEOs are focusing on instead of midterm elections?