As Proxy Wars Spread, Governance Questions Arise
Do hedge fund activists disadvantage longer-term shareholders in the process of ‘unlocking’ shareholder value?
The best sport on Wall Street is heating up.
Proxy fights are back and hedge funds are leading the charge. According to research firm SharkRepellent.net, there were 32 proxy fights with a hedge fund in the dissident group through March 6, compared with 26 proxy fights in the same period last year and 24 in the 2011 period.