LOS ANGELES (Reuters) - Shareholder activists come in different flavors. One is the deep-pocketed investor, such as Carl Icahn or Dan Loeb, who takes big stakes in companies and forces management to change strategy. Another type is the persistent provocateur who buys a handful of shares and agitates on a shoestring. That's John Chevedden.
In recent matters involving struggling banks, the Federal Reserve has sought to limit the ability of shareholder activists to nominate directors, which some investors view as an instrument of good corporate governance.