Are Hedge Funds Heroes or villains? Management Blockbuster, Time Warner, Six Flags, Knight-Ridder, and Bally Total Fitness, might prefer "villain" of the name, but the Enron, WorldCom, Tyco, and HealthSouth shareholders may consider management as the real villains and hedge funds as a means to replacement of incompetent corporate executives before they run companies into the ground, or steal them with fraudulent transactions. Can the pressure from activist hedge fund to target the company's results in the increase in stock prices, management accountability, and better communication with shareholders? Or is it a distraction from running their main goal to increase long-term shareholder value? "Hide
by David P. Stowell, Tim Moore, Jeff Schumacher Source: Kellogg School Management 24 pages. Publication Date: 01 May 2006. Prod. #: KEL181-PDF-ENG
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