But these two worlds are increasingly colliding in showdowns at companies including Dell, Microsoft and now Whole Foods, a reflection of the shifting balance of power on Wall Street. And activists, once the black sheep of the investment world, are now accepted as regular, if meddlesome, investors. So Neuberger Berman executives prepared an inch-thick presentation, the kind of document usually produced by activists. “We have engaged with the company quite aggressively over the course of the last period of time,” said Joseph Amato, president and chief investment officer of Neuberger Berman, referring to Whole Foods. Neuberger Berman has taken a more confrontational approach before.

Source: New York Times April 25, 2017 09:00 UTC