"I've got to be like a bulldog," says Philip Goldstein, hedge fund manager and shareholder activist. "Fund company mangers may call me vexacious . . . but it doesn't bother me. I've got thick skin, and I'm going to continue to fight for shareholders' rights. Management thinks of themselves as lords and shareholders as serfs, but shareholders are the ones who actually own a fund," Goldstein adds with a gleam in his eye. "They hate annoying shareholders like me."
Goldstein, 54, president of Opportunity Partners of Pleasantville, N.Y., is known for taking fund management to court over a variety of issues -- frequently over what Goldstein views as management's failure to disclose ramifications of shareholder votes; suppression of shareholders' rights to express their opinions on Internet bulletin boards; shareholders' rights to propose new fund directors; and shareholders' rights to decide on various issues through separate proxy votes as opposed to a single vote that makes one decision contingent upon another (MFMN, July 26).