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“We’re old enough to remember the bitter episode four decades ago when another corporate raider, Saul Steinberg — who, as it so happens, was good friends with one of the current activists, Nelson Peltz — launched a hostile takeover attempt of Disney and threatened to break apart the company. He was defeated, much as these activists must be defeated today,” the letter said.

Someone said it had been built by the billionaire corporate raider Sir James Goldsmith in 1989.

Obama built his winning campaign around attacking Romney months before Romney was formally the GOP nominee and defining him as a corporate raider willing to slash jobs to boost profits.

It grew from a small, $30 million family business in West Texas to one of the largest after combining with corporate raider Boone Pickens' Mesa Energy in 1997 and later discovering the shale oil hidden below its acreage.

Four years later, Ann Romney toured Iowa and New Hampshire, offering “the other side of Mitt” — a caring, empathic family man who did not fit the caricature of the heartless corporate raider drawn by his rivals.