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National - Event Notice Thursday January 01 1970 Max Keiser in Dublin on Wednesday 13th of April
national |
consumer issues |
event notice
Tuesday April 12, 2011 10:28 by Pierce Farrell
Keiser is the founder of the hedge fund Karmabanque which seeks to profit from any decline in equity-value of companies that are susceptible to boycott from environmental groups. Karmabanque's progress was followed monthly in the Ecologist Magazine. Its targets include Coca-Cola, McDonald's and Ryanair. The Karmabanque hedge fund project was designed to simultaneously short-sell companies while funnelling profits from this activity into environmental and ethical-business pressure groups which further act to drive down the price. Describing the project, Keiser states "The Internet allows people, activists, from all over the world to gather, or swarm, and hit a company where it hurts most -- in their stock price." Caption: Video Id: bjNUYvDK99E&featu Type: Youtube Video |
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