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Starboard Value’s Latest Demand Is a Throwback to the ‘80s

The activist hedge fund firm headed by Jeffrey Smith makes an intriguing proposal for its newest target, packaging conglomerate MeadWestvaco.

       Starboard Value founder Jeffrey Smith. Photo: Jacob Kepler/ Bloomberg When Jeffrey Smith of New York–based hedge fund firm Starboard Value detailed his case for significantly boosting the value of packaging company MeadWestvaco Corp., he identified several opportunities for management and the board. But one of those items made me sit up and

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