Reuters reports that shares of insurer Hartford Financial Services Group Inc (HIG.N) soared on Wednesday after the company said it had considered the possibility of a breakup and hedge fund titan John Paulson pushed it to be more aggressive on that front.
Paulson, Hartford's largest shareholder, grew increasingly agitated and impatient on a conference call with the company and financial analysts, ultimately shouting that management had a responsibility to do more to improve shareholder value.
The exchange quickly drew attention in the investment world, not only because the normally cool Paulson became so obviously irritated, but because it illustrated how one of the industry's most powerful managers was flexing his muscle to benefit shareholders' bottom line.
Read more at http://in.reuters.com/article/2012/02/08/us-hartford-idINTRE8171JS20120208
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