Leader: Wildcat activism

Shareholder activism is in fashion this spring. In the wake of Roy Disney and Stanley Gold's 'vote no' campaign against Disney's Michael Eisner, another group of dissident shareholders launched an initiative to oust Safeway's CEO and two of its directors. Then in late March Delaware judges attended the annual Council of Institutional Investors' meeting in Washington where a number of hot-button governance issues, including executive compensation, topped the agenda. Their presence was unusual and