Dissident shareholders: Loud and proud

Dissidents are the all the rage. The reason is pretty simple: they are voicing, sometimes quite shrilly, concerns shared by a larger shareholder base. The dissidents represent the sharp edge of this wider investor discontent. But that doesn’t make them infallible. Indeed, it appears some of them have been blinded by the media klieg lights their campaigns attract. That appears to be the case with the Morgan Stanley former employees lobbying for the head of chief executive Phil Purcell. It may als...