Bill Ackman, founder and CEO of hedge fund Pershing Square Capital Management LP, “clearly believes that the economy would be better off” with more activist investors in the large-cap space, asserts Eileen Nugent, a partner at Skadden, Arps, Slate, Meagher & Flom LLP. James Morphy, a partner at Sullivan & Cromwell LLP, shares similar sentiments at Tulane University Law School’s Corporate Law Institute in New Orleans, where Ackman delivered a keynote. – Sarah Hashim-Waris

Lawyers sound off on Bill Ackman, investing in large-cap space from The Deal on Vimeo.