Are American "Investors" Killing Their Golden Geese?

Remember when American enterprise was the best the world? Sadly, that is changing. A little over a month ago, the venerable DuPont Company surprisingly won an epic battle over Nelson Peltz's Trian Fund. DuPont, the company that brought us Cellophane, Neoprene, Teflon, Lucite, and so many other wonders of modern life had been forced into a grueling two-year fight for its life. Why? Because Trian, an "activist shareholder," decided that by trimming research, selling divisions, and firing employees...