The follies of shareholder activism have been well-documented. Predatory shareholder activism, where titans of the hedge fund world feel their success in money management is transferrable to success in company management, is inherently flawed and often detrimental to the company in question. Short-term returns do not always equal long-term viability. What will happen when interest rates rise and the Hartford wants the now-profitable life and annuities business back under its antlers?
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