Biz: Ralph Nader, activist investor? A consumer advocate’s Cisco grievance
- If they can’t give shareholders value, then they have to give cash.
- Ralph Nader • Playing activist investor in the wake of frustration with Cisco’s stock. Nader, an investor in the company (he has 18,000 shares), wrote a letter a while back complaining about the company’s low dividends, despite the fact that their stock performance has been week and they have tons of cash in the bank, and the “powerlessness of owner shareholders” that resulted from this. It’s pretty weird that the consumer advocate, of all people, is taking on this role, but hey, maybe he just thinks their shares are unsafe at any speed. source
