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61 Vand. L. Rev. En Banc 1 (2008)

handle is hein.journals/valewenb61 and id is 1 raw text is: VANDERBILT LAW REVIEW EN BANC VOLUME 61 OCTOBER 2008 Public Pension Funds as Shareholder Activists: A Comment on Choi and Fisch Randall S. Thomas* I. THE COLLAGE OF SHAREHOLDER ACTIVISM . ................ 1 II. THE SURVEY AND ITS RESULTS .............3............3 A. Design.................................... 3 B. Voting Results.................. ............... 3 C. Legal and Cost Barriers ........... ............ 5 D. Litigation ................................. 6 III. CONCLUSION ............................................7 1. THE COLLAGE OF SHAREHOLDER ACTIVISM The world of shareholder activism has expanded dramatically over the past twenty years so that it now contains a broad set of actors carrying on a wide range of activities. At one end of the spectrum, John Beasley Professor of Law and Business, Vanderbilt School of Law, Vanderbilt University. My thanks to Professors James D. Cox, Alan Palmiter and Robert B. Thompson for their helpful comments on this article. All errors remain my responsibility. 1