This summer Anthony Bolton, veteran investor at Fidelity International, highlighted the moment that he thinks shareholder activism “changed the investment landscape”.
Nelson Peltz, the US investor with a history for agitating company boards, suddenly appeared on the shareholder register of Cadbury Schweppes, the cold drinks and confectionery maker. Within days, the company announced what seemed to be a U-turn in strategy even though Cadbury said it had long been debating the move.

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