Shareholders are organizing and mobilizing on new social media platforms like Twitter. This changes the dynamics of shareholder proxy contests in ways that favor shareholders over management. Disruptive technology may bring about a shareholder revolution, which may not be in shareholders’ best interests, at least from the perspective of shareholder wealth maximization, and it also has powerful implications for the future of corporate social responsibility.
Seth C. Oranburg,
A Little Birdie Said: How Twitter is Disrupting Shareholder Activism,
20 Fordham J. Corp. & Fin. L. 695
Available at: http://ir.lawnet.fordham.edu/jcfl/vol20/iss3/3