| What do you do if the company of which you’re a shareholder is making poor decisions? Before selling out, or joining an activist group seeking to undermine the management - could there be much point in simply : talking to those managers? Of course there is, says Christopher Rossbach. |  |
Chris is the co-founder and CIO of J Stern & Co, a private investment office which manages the wealth of the historical banking family the Sterns, as well as others.
The Sterns have held long-term shareholdings in a number of companies for decades. And because of that, and despite often holding relatively modest shareholdings - they are heeded… Even by big corporations like Amazon.
The relationship is two-way. J Stern & Co found itself defending Nestle against more assertive activist groups like Third Point - who wanted the Swiss company to hurry up and slim down its diverse range of interests.
Chris Rossbach says it is Active Shareholders - not Activist Shareholders - who are more likely to nudge large companies into performing better. And into realising their responsibilities in the ESG arena - in other words to respect the Environment, behave Socially responsibly, and Govern themselves in an upright manner.
Chris’s clients have a perspective which is generations long… They want the companies they invest in to be sustainable for that length of time too. That’s why they keep the conversations going.
(There may be a pause before audio plays)
The Sterns have held long-term shareholdings in a number of companies for decades. And because of that, and despite often holding relatively modest shareholdings - they are heeded… Even by big corporations like Amazon.
The relationship is two-way. J Stern & Co found itself defending Nestle against more assertive activist groups like Third Point - who wanted the Swiss company to hurry up and slim down its diverse range of interests.
Chris Rossbach says it is Active Shareholders - not Activist Shareholders - who are more likely to nudge large companies into performing better. And into realising their responsibilities in the ESG arena - in other words to respect the Environment, behave Socially responsibly, and Govern themselves in an upright manner.
Chris’s clients have a perspective which is generations long… They want the companies they invest in to be sustainable for that length of time too. That’s why they keep the conversations going.
(There may be a pause before audio plays)
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