James Greiff , Columnist

Shareholders, Small-Town America Enemy No. 1?

Shareholders who demanded improved corporate performance by IBM are being blamed for harming Endicott, NY.

September 2, 2013 at 10:00 PM UTC

James Greiff is an editor for Bloomberg Opinion. He was Wall Street news team leader at Bloomberg News and senior editor for Bloomberg Markets magazine. He previously reported on banking for the St. Petersburg Times and the Charlotte Observer.

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Did greedy investors really destroy small-town America?

That's about the only conclusion one can draw from a Washington Postarticle last week recounting how Endicott, New York, where International Business Machines Corp. was founded and based for many years, was gutted as the company responded to shareholders who insisted on better investment returns.