Activist investing takes places in even the largest multinational firms, as was the case with Bill Ackman of Pershing Square Capital Management, who forced McDonald's (MCD - Get Report) to make vital changes to its menu, improve customer service and realize hidden real estate value, all of which ultimately led to a doubling in McDonald's stock price.Another large multinational firm engaged with an activist investor is Yahoo! ( YHOO). Now-board-member Carl Icahn has so far been unsuccessful in his attempts to get Yahoo! to sell its search business -- or even the entire company -- to Microsoft ( MSFT - Get Report). But sometimes the activist investor isn't just another hedge fund. Take GSI Group ( GSIG). Stephen W. Bershad, the CEO of Axsys Technologies ( AXYS), put his own capital on the line when he recently bought 3.3 million shares of GSI Group in the open market. To read more, visit Stockpickr.com. Editor's note: David Peltier will be on Stockpickr Answers today to respond to questions posed by members of the Stockpickr community. Not a member? Join the Stockpickr community today - for free.
More from Investing
Boeing Boosts China Forecast; Report Says FAA Faces Rebuke For 737 MAX Approval
Boeing shares drifted modestly higher Tuesday after the world's biggest planemaker lifted its forecast for aircraft demand in China, the world's biggest market, amid ongoing questions over the return of its troubled 737 MAX jet.
Oil Prices Retreat as Report Suggests Saudi Capacity Could Return 'Within Weeks'
Global oil prices swiftly declined Tuesday, following the biggest single-day surge in more than three decades, following a Reuters report that suggested Saudi Arabia could bring its disrupted production facilities back on line within a matter of weeks.
Zynga Climbs on 'Best Idea in Video Games' Nod from Stephens
Zynga rises after an analyst at Stephens names the electronic gaming company the 'best idea in video games.'
Cracker Barrel Shares Climb on Earnings Beat, Positive Outlook
Same-restaurant sales rose 3.8% in the quarter, and expectations for fiscal 2020 are for growth of 2% to 3%.
AT&T CEO Addresses Activist Pressure, Succession Talk at Conference
Randall Stephenson called the activist recommendations 'a mixed bag' and argued that AT&T is well on its way to achieving its main objectives.