Bloomberg: Cleveland Cliffs (CLF) Asks Shareholders to Block Harbinger

The saga continues - it appears clear that Cleveland Cliffs (CLF) management wants to acquire Alpha Natural Resources (ANR) for business purposes and it appears clear Harbinger does not want it to happen for their investment purposes. The cross roads between hedge funds and business continues to fascinate - I expect hedge funds to wield more and more power in the coming decade and this to become commonplace as larger hedge funds attract more and more assets. And money = power. This opens up a lot more questions about how corporations will be run in the future - and for whom and with what time frame will decisions be made. A hedge fund can force a decision and then be "gone" in 3 months, 3 quarters, or 3 years and leave the actual business to deal with the mess or lost opportunity later.

• Cleveland-Cliffs Inc., North America's largest iron-ore producer, asked shar