…Since the start of the 21st century, a new breed of shareholder—the activist hedge fund—has frequently played a decisive role in interactions between corporations and markets…A major recent study by Lucian Bebchuk, Alon Brav, and Wei Jiang of activist investments from 1994 through 2007 also found five-year improvements in the operating performance of targeted companies.
Harvard Law School Professor Alan Dershowitz condemned Los Angeles Clippers owner Donald Sterling’s “very bad” racist comments, but told Newsmax that his greater concern was that “I don’t think we want the thought police to be intruding on people’s private conversations.” “We need to preserve privacy,” Dershowitz said in an exclusive interview on Wednesday. “We need to be able to preserve a person’s ability to share his thoughts, even if we don’t agree with his thoughts, with private people.”
Democrat Sen. Edward Markey from Massachusetts says the government should crack down on broadcast messages that promote what he calls hate crimes, by regulating content on television, radio and the Internet…That claim has other First Amendment legal minds howling. “He’s not going to be able to come up with legislation that sufficiently protects the First Amendment,” said Harvard Law professor Alan Dershowitz, Breitbart reported.