A Beginner’s Guide to Being a Rabble-Rousing, Corporate-Raiding, CEO’s-Worst-Nightmare Hedge Fund Manager

Imagine walking into a boardroom, introducing yourself to the chairman — perhaps opening with an insult or a threat to make things very uncomfortable for the entire board — and then saying “time to do things my way.” Oh, but while you’re doing this, you’re neither a controlling shareholder, founder, or even an executive at the business. You’re an activist — that breed of investor that doesn’t sit quietly while things go their way, or don’t. Activist investors usually build up stakes in companies they think are undervalued and then demand changes that they think will work in their favor.