Bonnie Stone Sellers has been appointed to the Board of Directors of Hovnanian Enterprises, Inc. (NYSE:HOV). The addition of Ms. Sellers expands ...

A spike in activist investor campaigns over the past few years has company executives constantly looking over their shoulders. Typically run by hedge funds demanding higher profit margins, activist-investor campaigns quickly buy up large stakes in a company and threaten to unseat company board members if they don't cut costs, driving executives to forego long-term business strategies for short-term profits ...