Activist Investing Today: Columbia’s Coffee on Activists, Icahn, M&A and Proxy Adviser Rules

Activist hedge funds hurt research & development budgets at U.S. corporations, which has a broader negative impact on the economy.At least that’s the view of Columbia Law School Professor John Coffee, who spoke with The Deal for its Activist Investing Today podcast about a study he co-authored on the impact of insurgent managers on corporations and the markets overall.In a wide-ranging conversation, Coffee explained what he thinks is going on with Carl Icahn’s objections to Occidental Pet...