The second lesson is that the short-term strategies of activist investors are often detrimental to the broader interests of the company and long-term shareholders. [...] Bain & Co’s ‘questionable’ integrity turns the UK against consultants One constant in the world of corporate advisers is the conveyor belt of scandals at consulting and accounting firms. [...] Bain’s work with South Africa’s former president Jacob Zuma has led to it being criticised in a judicial report as a corporate enabler of graft in South Africa © FT montage/Bloomberg Bain was caught off guard by the decision, saying it was “disappointed and surprised”, adding that it would be responding “to express our concern about the process and its outcome and to address inaccuracies in [Rees-. [...] The firm is far from a critical supplier to the UK government. [...] In the effort to differentiate from stock market indices, some funds were underweight the mega-cap stocks that have weathered the storm.
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