Chris Hughes, Columnist

How to Lose Friends and Alienate Investors

Akzo Nobel shareholders have no other option but to call for the chairman to go.

May 11, 2017 at 10:32 AM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

1494497186_akzaaa — Photographer: Jasper Juinen

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U.S. hedge fund Elliott Advisors is going to court to secure a no-confidence vote in AkzoNobel NV's chairman.

It looks like classic activist aggression. But the move isn't extreme. Under Dutch governance rules, the paint maker's shareholders have few conventional means of getting heard.