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Shareholder activists are tearing up their traditional playbook – but passivism won’t last long

The tools that once boosted returns at target companies have become impossible to use in the current context of sinking valuations and the continuing massive government intervention in the world’s largest economies

Passivism is the new shareholder activism. But the newfound humility of the most aggressive players of the investment industry may not last for long.

Shareholder activists are ripping up their traditional playbook as they find it hard to follow their own, self-made rules to catalyze change at companies fighting for survival amid the economic shutdown triggered by the coronavirus pandemic.

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