From The Activist Investor (whoever.whatever that is):
Who are the most prominent executive tools? CEO valets? Leading puppets, toadies, and stooges?
6. John Carney Reporter and blogger for CNBC. He presumably has a journalist’s sensibility for objective reporting, but seems to take the side of corporations at most every turn. While a recent article has been a bit more even, his other efforts over the years criticize activist investing generally, and activist investors specifically.
5. Stephen Bainbridge Law professor at UCLA. Just read his blog, where he cloaks a brazen pro-corporate philosophy in academic legalese. In particular, he relentlessly promotes (and self-promotes) the controversial “director primacy” view of corporate governance. Earlier he spent much time bashing labor union activist efforts, and more recently turned to bashing hedge funds and other institutions, that dare question the motives and actions of imperial directors and executives.
4. James Copeland Executive at the Manhattan Institute, a staunchly pro-business think tank. There, he runs Proxy Monitor, a website and database of shareholder proposals at the “250 largest American public companies” filed since 2006. This useful website ostensibly serves as an objective resource of shareholder proposals at annual meetings. Their motto, “Shedding light on the influence of shareholder proposals on corporations,” and the analysis and papers they publish at the website, betray their core purpose, to rally support for executive interests. ...
2. J.W. Verret. Law professor at George Mason University. (Interestingly, he got his start at Harvard Law, where he apprenticed to Prof. Lucian Bebchuk, a critic of corporate interests.) He has written a number of papers - “Defending Against Shareholder Proxy Access” and “The Misdirection of Current Corporate Governance Proposals”, among others - that provide a detailed checklist for subverting investor efforts to influence portfolio companies.
It's not quite as big an honor as having been named to the Tea Party caucus of corporate law, of course, but once again I find myself in excellent company.