Di Pilla and HMC Capital have a five-point plan to fix Lendlease

The former UBS banker, joined in the Lendlease endeavour by fellow UBS alumni and the Swiss bank's previous co-head of real estate deals Victoria Hardie, frames it as a form of friendly shareholder activism. You would have to think Lendlease's board and management team would be at least a bit miffed - few companies appreciate investors telling them how to run their business, let alone doing it publicly via detailed presentations. Indeed, Lendlease is already on high alert. It received a strike against its remuneration report a few years ago, and would realise some shareholders are peeved after years of…