Michael D.
Showing 1–2 of 2 transcripts.
- Milken Institute1h 2m
The Activist Investor
Michelle Edkins, Ed Garden, Clifton Robbins, Barry Rosenstein, Peter Weinberg, Anne Sheehan, Cliff Robbins, Michael D., Steve Miller
Panelists Ed Garden, Barry Rosenstein, and representatives from Trian, Jana Partners, and Blue Harbor describe how activist investing has shifted from hostile litigation to collaborative, institutionalized strategies focused on operational turnarounds and governance reforms. Distinct approaches include Trian's long-term capital lock-ups for turnaround execution, Blue Harbor's private equity-style value unlocking in mid-cap firms, and Jana Partners' selective event-driven engagements, all supported by a marked decline in defensive poison pills. The discussion highlights that these modern activists prioritize substantive economic benefits over short-termism, driving a broader industry evolution toward shareholder primacy and active board accountability.
- Milken Institute1h 3m
Global Financial Regulation
Jared Seberg, James Barth, Bob Corker, Gary Lathrop, Kevin Lynch, Tom Pirelli, Bruce Brown, Chris Cole, Michael D.
A panel of senators and banking executives concluded that financial instability stems primarily from excessive risk and regulatory failure rather than sheer institutional size, with Senator Bob Corker and experts like James Barth advocating for targeted GAO studies over mandatory bank breakups. The discussion emphasized the risks of fragmented global regulations and overly stringent capital requirements, which threaten to shift lending activity to the unregulated shadow banking sector while stifling economic growth. Furthermore, the group uniformly rejected a financial transaction tax, called for regulating specific activities instead of institutions, and supported opening the banking sector to non-financial firms to foster innovation and accountability.