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Bill Ackman Is Chilling After Netflix

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Shareholder activism has come roaring back in 2022 but it’s missing one of its most prominent voices.

There were 77 activist campaigns launched in the first quarter—a six-year high that far exceeds the 55 campaigns initiated in the year-ago quarter, according to data provided by Lazard. This year’s high-profile targets include Bed Bath & Beyond (ticker: BBBY) as well as billionaire investor Carl Icahn’s ESG-focused campaigns at McDonald’s (MCD) and Kroger (KR).

Notably…

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