Nelson Peltz, Bill Ackman – Proxy Contests

It used to be the call a CEO feared – if it ever came at all.

Back in the old days of corporate raiders and the more buccaneering of today’s activists, a Sunday night call to let the corner office holder know that the Wall Street Journal had somehow got the scoop that an activist would be filing a Schedule 13D on Monday calling for changes was almost standard practice. Those who found out from the Journal itself the next day didn’t have it much better.

[buffett variation="dangers"]

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