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.
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I spoke to Chris in Zurich, at the AltInvestor Europe 2019 summit hosted by Eurekahedge…