A union-supported activist group known as the Hedge Clippers disrupted a hedge fund conference in Manhattan on Monday to call out financial investors they say support poverty wages.
The Hedge Clippers describe themselves as “working to expose the mechanisms hedge funds and billionaires use to influence government and politics in order to expand their wealth, influence and power.”
Roughly 20 protesters entered the main room of the Active-Passive Investor Summit, where a panel on shareholder activists was taking place, and marched in front of the stage for about 20 minutes, chanting, “Hedge fund billionaires, pay your fair share!”
“Bill Ackman, show me $15!” the protesters shouted, referring to the billionaire founder and CEO of Pershing Square Capital, who was not present during the panel.
Hedge Clippers spokesperson Charles Kahn told USA Today that the group targeted Ackman specifically–along with Jeffrey Smith of Starboard Group and Nelson Peltz of Trian Partners–because of their investments in fast food chains McDonald’s, Burger King, Wendy’s, as well as Darden Restaurants, which owns several dining franchises, including the Olive Garden.