That is also not what happened as can easily be seen by those same activist taking over non or only partly market-driven sectors like academia and large parts of the public sector, especially centred around education.
If "the market" truly were king I'd expect those who come with plans to rake in the most money for the least effort to take over, i.e. the thing which those same activists tend to point damning fingers at for being the evils of 'capitalism'. I'd also expect companies which are taken over by activists to fail in the market since they produce less efficiently given that part of their energy is used to further the cause of those activists instead of focusing on 'shareholder value'.
If "the market" truly were king I'd expect those who come with plans to rake in the most money for the least effort to take over, i.e. the thing which those same activists tend to point damning fingers at for being the evils of 'capitalism'. I'd also expect companies which are taken over by activists to fail in the market since they produce less efficiently given that part of their energy is used to further the cause of those activists instead of focusing on 'shareholder value'.