{"id":75639,"date":"2026-03-20T23:56:00","date_gmt":"2026-03-20T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=75639"},"modified":"2026-03-21T12:15:29","modified_gmt":"2026-03-21T04:15:29","slug":"%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/20\/%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f\/","title":{"rendered":"\u7a4d\u6975\u80a1\u6771\u662f\u5982\u4f55\u8cfa\u9322\u7684\uff1f"},"content":{"rendered":"\n<p>\u7a4d\u6975\u80a1\u6771\uff08activist shareholders\uff09\u6216\u7a31\u7dad\u6b0a\u80a1\u6771\uff0c\u66f4\u6709\u8f03\u8ca0\u9762\u7684\u540d\u7a31\u70ba\u4f01\u696d\u79bf\u9df9\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/20\/%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f\/#%E6%8E%A1%E5%8F%96%E7%9A%84%E6%89%8B%E6%B3%95\" >\u63a1\u53d6\u7684\u624b\u6cd5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/20\/%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f\/#%E7%8D%B2%E5%88%A9%E7%9A%84%E7%AD%96%E7%95%A5%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\" >\u7372\u5229\u7684\u7b56\u7565\u6709\u54ea\u4e9b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/20\/%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f\/#%E7%8D%B2%E5%88%A9%E7%9A%84%E6%96%B9%E5%BC%8F%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\" >\u7372\u5229\u7684\u65b9\u5f0f\u6709\u54ea\u4e9b\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/20\/%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f\/#%E8%91%97%E5%90%8D%E7%9A%84%E7%A9%8D%E6%A5%B5%E8%82%A1%E6%9D%B1\" >\u8457\u540d\u7684\u7a4d\u6975\u80a1\u6771<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/20\/%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%8E%A1%E5%8F%96%E7%9A%84%E6%89%8B%E6%B3%95\"><\/span>\u63a1\u53d6\u7684\u624b\u6cd5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7a4d\u6975\u80a1\u6771\u5728\u770b\u4e0a\u4e00\u5bb6\u76ee\u6a19\u4f01\u696d\u5f8c\uff0c\u901a\u5e38\u6703\u63a1\u53d6\u4ee5\u4e0b\u6b65\u9a5f\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u7a4d\u6975\u80a1\u6771\u6703\u300c \u8cfc\u8cb7\u300d 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class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%8D%B2%E5%88%A9%E7%9A%84%E7%AD%96%E7%95%A5%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\"><\/span>\u7372\u5229\u7684\u7b56\u7565\u6709\u54ea\u4e9b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u7a4d\u6975\u80a1\u6771\u901a\u5e38\u63a1\u7528\u4ee5\u4e0b\u7b56\u7565\u4f86\u6700\u5927\u5316\u5176\u8cc7\u91d1\u6536\u76ca\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u589e\u6301\u80a1\u7968<\/li>\n\n\n\n<li>\u516c\u53f8\u9032\u884c\u91cd\u5927\u91cd\u7d44\u3001\u8f49\u578b\u6216\u8b8a\u9769<\/li>\n\n\n\n<li>\u63a1\u7528\u4e00\u4e9b\u624b\u6cd5\uff0c\u6216\u523a\u6fc0\u63aa\u65bd\uff0c\u4ee5\u63a8\u9ad8\u80a1\u50f9<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%8D%B2%E5%88%A9%E7%9A%84%E6%96%B9%E5%BC%8F%E6%9C%89%E5%93%AA%E4%BA%9B%EF%BC%9F\"><\/span>\u7372\u5229\u7684\u65b9\u5f0f\u6709\u54ea\u4e9b\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4e00\u65e6\u7a4d\u6975\u80a1\u6771\u85c9\u7531\u4e0a\u4e00\u6bb5\u6240\u4ecb\u7d39\u7684\u4e00\u4e9b\u5e38\u898b\u7684\u7b56\u7565\u6210\u529f\u594f\u6548\u5f8c\uff0c\u7a4d\u6975\u80a1\u6771\u5c31\u80fd\u9032\u5165\u5be6\u8cea\u4e0a\u7684\u6536\u5272\u968e\u6bb5\u3002\u7a4d\u6975\u80a1\u6771\u5229\u7528\u4ee5\u4e0b\u7684\u5e7e\u7a2e\u65b9\u5f0f\u4f86\u70ba\u81ea\u5df1\u8b00\u5229\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u51fa\u552e\u624b\u4e2d\u6301\u80a1<\/li>\n\n\n\n<li>\u51fa\u552e\u8cc7\u7522<\/li>\n\n\n\n<li>\u5206\u62c6\u4e0a\u5e02<\/li>\n\n\n\n<li>\u5229\u7528\u50b5\u52d9\u878d\u8cc7<\/li>\n\n\n\n<li>\u80a1\u7968\u56de\u8cfc<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%91%97%E5%90%8D%E7%9A%84%E7%A9%8D%E6%A5%B5%E8%82%A1%E6%9D%B1\"><\/span>\u8457\u540d\u7684\u7a4d\u6975\u80a1\u6771<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5361\u723e\u00b7 \u4f0a\u574e\uff08Carl Icahn\uff09<\/li>\n\n\n\n<li><a href=\"https:\/\/www.elliottmgmt.com\/\" target=\"_blank\" rel=\"noopener\">\u57c3\u5229\u5967\u7279\u6295\u8cc7\u7ba1\u7406\uff08Elliott Investment Management\uff09<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/pershingsquareholdings.com\/\" target=\"_blank\" rel=\"noopener\">\u6f58\u8208\u5ee3\u5834\uff08Pershing Square\uff09<\/a><br><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"142\" height=\"90\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2026\/04\/activist_shareholders-Custom.jpg\" alt=\"\u7a4d\u6975\u80a1\u6771\" class=\"wp-image-75642\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/03\/20\/%e7%a9%8d%e6%a5%b5%e8%82%a1%e6%9d%b1%e6%98%af%e5%a6%82%e4%bd%95%e8%b3%ba%e9%8c%a2%e7%9a%84%ef%bc%9f\/\">\u7a4d\u6975\u80a1\u6771\u662f\u5982\u4f55\u8cfa\u9322\u7684\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/11\/17\/%e9%9d%9e%e5%85%b8%e5%9e%8b%e7%b6%93%e7%87%9f%e8%80%85%e7%9a%84%e6%88%90%e5%8a%9f%e6%b3%95%e5%89%87\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u975e\u5178\u578b\u7d93\u71df\u8005\u7684\u6210\u529f\u6cd5\u5247\uff08Outsiders\uff09<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/17\/%e8%a6%aa%e6%84%9b%e7%9a%84%e8%82%a1%e6%9d%b1%ef%bc%88dear-shareholder%ef%bc%89\/\">\u89aa\u611b\u7684\u80a1\u6771\uff08Dear Shareholder\uff09<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>\u672c\u7ad9\u5167\u5bb9\u70ba\u4f5c\u8005\u500b\u4eba\u610f\u898b\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u672c\u4eba\u4e0d\u5c0d\u6587\u7ae0\u5167\u5bb9\u3001\u8cc7\u6599\u4e4b\u6b63\u78ba\u6027\u3001\u770b\u6cd5\u3001\u8207\u5373\u6642\u6027\u8ca0\u4efb\u4f55\u8cac\u4efb\uff0c\u8b80\u8005\u8acb\u52d9\u5fc5\u81ea\u884c\u5224\u65b7\u3002<\/em><\/li>\n\n\n\n<li><em>\u5c0d\u65bc\u8b80\u8005\u76f4\u63a5\u6216\u9593\u63a5\u4f9d\u8cf4\u4e26\u53c3\u8003\u672c\u7ad9\u8cc7\u8a0a\u5f8c\uff0c\u63a1\u53d6\u4efb\u4f55\u6295\u8cc7\u884c\u70ba\u6240\u5c0e\u81f4\u4e4b\u76f4\u63a5\u6216\u9593\u63a5\u640d\u5931\uff0c\u6216\u56e0\u6b64\u7522\u751f\u4e4b\u4e00\u5207\u8cac\u4efb\uff0c\u672c\u4eba\u5747\u4e0d\u8ca0\u4efb\u4f55\u640d\u5bb3\u8ce0\u511f\u53ca\u5176\u4ed6\u6cd5\u5f8b\u4e0a\u4e4b\u8cac\u4efb\u3002<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u7a4d\u6975\u80a1\u6771\uff08activist shareholders\uff09\u6216\u7a31\u7dad\u6b0a\u80a1\u6771\uff0c\u66f4\u6709\u8f03\u8ca0\u9762\u7684\u540d\u7a31\u70ba\u4f01\u696d\u79bf\u9df9\u3002<\/p>\n","protected":false},"author":1,"featured_media":75642,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,100],"tags":[],"class_list":["post-75639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shareholder","category-shareholder-reward"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/75639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/comments?post=75639"}],"version-history":[{"count":7,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/75639\/revisions"}],"predecessor-version":[{"id":77598,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/75639\/revisions\/77598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/75642"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=75639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=75639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=75639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}