- But Mr Ackman is more than a financial hit man.
- Still, as Barbarians at the Gate go, Mr Ackman and Mr Icahn are mild-mannered.
- To the credit of McDonald's executives, they did not simply reject Mr Ackman out of hand.
- Mr Ackman also wants a quicker turn than the indefinite holding period Mr Buffett espouses.
- If a private equity group owned McDonald's or Time Warner, it might well carry out the kind of restructuring that Mr Ackman and Mr Icahn seek.