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
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