warren 03Activists face a big challenge taking on Wall Street banks

 

This is a cnbc.com article.

 

Activists are eyeing Wall Street banks, but they should probably back off when it comes to the Oracle of Omaha.

Wall Street’s top banks face a growing chorus of activist investors with which they must contend.

But certain CEOs probably need not worry — as long as they have Warren Buffett in their corner.

Activist investors have nudged companies in other sectors to bump up dividends and make management changes for years, emboldened to take on increasingly bigger targets.

More recently, as expected, they have turned to Wall Street banks to see if they can juice returns.

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