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Audio – Kerr-McGee did the right thing
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Barry Rosenstein, founder and managing partner of activist hedge fund Jana Partners, says that not every chief executive ignores activist investors. Kerr-McGee Corp. Chief Executive Luke Corbett met with shareholders, and then decided it made sense to speak to the activist investors that were lobbying for change at the oil and gas producer, which ultimately sold itself to Anadarko Petroleum Corp.
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