Protesters disrupt activist summit

Protesters disrupt hedge fund conference

Activist investors became targets themselves Monday when protesters briefly took over a conference focused on how to shake up companies.

About 20 protesters interrupted a lunchtime panel discussion at the 13D Monitor Active-Passive Investor Summit in New York, chanting slogans like "hedge fund billionaires, pay your fair share!"

The agitators walked around the stage with signs and shouted slogans demanding higher wages for workers at restaurants including McDonald's, Burger King and Darden-owned Olive Garden.

They called out well-known activist investors like Bill Ackman of Pershing Square Capital Management and Jeff Smith of Starboard Value, both slated to speak at the event later Monday, urging $15 an hour for low-level workers.

One sign read "Dignitiy at Darden," which Smith's Starboard Value is a major investor in. Ackman's Pershing Square was until recently a major Burger King investor.

"Bill Ackman, Jeff Smith, show us $15!" was briefly chanted.

"This is what democracy looks like!" they added later in the Crowne Plaza Times Square ballroom.