A Little Birdie Said: How Twitter Is Disrupting Shareholder Activism

18 Pages Posted: 2 Jan 2015 Last revised: 7 Mar 2016

See all articles by Seth Oranburg

Seth Oranburg

Duquesne University - School of Law

Date Written: January 27, 2015

Abstract

Shareholders are organizing and mobilizing on new social media platforms like Twitter. This changes the dynamics of shareholder proxy contests in ways that favor shareholders over management. Disruptive technology may bring about a shareholder revolution, which may not be in shareholders’ best interests, at least from the perspective of shareholder wealth maximization, and it also has powerful implications for the future of corporate social responsibility.

Keywords: twitter, facebook, shareholder activism, social media, shareholder spring

JEL Classification: K00, K2, K20

Suggested Citation

Oranburg, Seth, A Little Birdie Said: How Twitter Is Disrupting Shareholder Activism (January 27, 2015). Fordham Journal of Corporate and Financial Law, Vol. 20, No. 695, 2015; FSU College of Law, Public Law Research Paper No. 725; FSU College of Law, Law, Business & Economics Paper No. 15-4. Available at SSRN: https://ssrn.com/abstract=2544363 or http://dx.doi.org/10.2139/ssrn.2544363

Seth Oranburg (Contact Author)

Duquesne University - School of Law ( email )

600 Forbes Avenue
Pittsburgh, PA 15282
United States

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