Praise for Extreme Value Hedging "An intelligent, well-researched, and very useful book. Experts and laymen alike will find it eye-opening."
--Jeffrey H. Birnbaum, The Washington Post
"Love them or hate them, activist hedge funds are having a significant impact on the American and global corporate economies. Ron Orol's detailed and thoughtful book is required reading for anybody who wants to understand what these funds are, how they work, and the various good and bad effects they can have on corporate performance."
--Lawrence E. Mitchell, author, The Speculation Economy Theodore Rinehart Professor of Business Law at George Washington University
"Provides breadth, insight, and a worldwide perspective on one of our most dramatic capital market developments--the rise of the activist hedge fund. The book is essential reading for those who want to understand the current economic scene."
--Harvey J. Goldschmid, Dwight Professor of Law at Columbia Law Schoolformer SEC Commissioner (2002-05)
"Ron Orol has produced an extremely interesting, very well-conceived, thoroughly researched, skillfully documented, highly informative, and cleverly written comprehensive look into the world of activist investors who work to bring out shareholder value in companies where it is hidden or where managements have gone to sleep, preferred to 'coast' or are plainly indiffererent to shareholders. This book is a great compendium of such activist hedge fund managers and their escapades."
--Lawrence J. Goldstein, Santa Monica Partners
"Ron Orol is the modern-day Paul Revere, warning corporate directors and officers that activist shareholders are coming and informing previouslypassive investors how to capture and control the businesses they own. Ron explains with insight and examples the shareholder revolutionary army comprised of activist hedge funds supported by the media and Internet bloggers."
--Arthur F. Bell, Jr., Managing Member, Arthur F. Bell, Jr. & Associates, LLC
"Ron Orol's deep network of contacts and his insight into shareholder activism make this book a must for anyone seeking to understand these enfants terribles of the capital markets."
--Boyd Erman, Capital Markets Reporter, The Globe and Mail
"A fascinating read on the David and Goliath interaction between a small group of activist investors and corporations of all sizes worldwide. Orol spares no details as he unlocks the secrets of how activist shareholders create dramatic change in today's global investment marketplace."
--James G. Tompkins, PhD, Director of Board Advisory Services Corporate Governance Center, Kennesaw State University
Activist hedge fund managers represent a small part of the $1.5 trillion hedge fund industry, but their approach is causing a stir among traditional managers and the investment community because they are shaking up the corporate establishment and making money for their investors. These types of managers are here to stay and Extreme Value Hedging tells the story of their rise to power in the U.S. and how they are spreading their influential gospel around the globe to places like China, Ukraine, South Korea and Sweden. Author Ronald D. Orol has a unique understanding of this world and through this book he shares his unparalleled insights in an easy to comprehend manner. He discusses everything from activist investor efforts to breakup the clubby insider world of corporate boardrooms to their deal-making or breaking pressure tactics and courtroom battles. Orol skillfully makes his case for each subject by offering revelations and examples from insiders like Ralph Whitworth, (Relational Investors), Guy Wyser-Pratte, (Wyser-Pratte Management), Mark Schwarz, (Newcastle Capital Group LLC), Robert Chapman (Chapman Capital), Phillip Goldstein (Opportunity Partners), Jeffrey Ubben (ValueAct Capital), Jeffrey M. Solomon (Ramius Capital Group LLC), Michael Van Biema (Van Biema Value Partners), Eric Rosenfeld (Crescendo Partners), Lars Förberg (Cevian Capital) and Emanuel Pearlman (Liberation Investment Group), among many, many others.
