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The administration of US President Joe Biden could block US financial institutions from processing transactions for Russian banks as part of a sanctions package
Maybe William Ackman had the right idea after all. Twin Citians have a propensity for defending hometown employers, even if outsiders have better ideas. We tend to paint such strangers as bad guys—politically and through clever internal and external PR campaigns that turn employees and reporters against them. And sometimes, they really are bad. Other times, our biggest-small-town-left-in-America naiveté gets the better of us. Take Target Corp. Shareholder activist William Ackman, through his Pershing Square Capital Management hedge fund, bought $2 billion worth of Target’s ...