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Apr

25

An Activist Investment in Whole Foods Exposes Shifting Power on Wall St.

By Tony Seruga

As a steward of pension funds and retirement accounts, Neuberger Berman has traditionally employed a staid strategy familiar among big Wall Street money managers: Buy and hold stocks, sit back, and hope for the best.

But recently, the firm has eschewed its nearly 80-year-old tactic of playing nice. Instead it turned to the bare-knuckled world of activist investors made famous by the likes of Carl C. Icahn and William A. Ackman…

An Activist Investment in Whole Foods Exposes Shifting Power on Wall St.

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