Sun's largest shareholder often wears a velvet glove
The investment firm gobbling up shares of Sun Microsystems might look tough, but it usually avoids playing hardball with executives.
Sun got a wake-up call last week from its largest single investor, Southeastern Asset Management, which added the hardware maker to its list of companies for which it has switched from being a passive investor to an active one, with regard to corporate governance, operations management, and increasing shareholder value. But while the road ahead may be bumpy with this activist shareholder, which had $34 billion in assets under management as of the end of September, it will likely be … Read more