Proxy Fights Cost U.S. Companies $4.8 Million On Average
Proxy fights have cost US companies an average $4.8 million so far this year according to the latest issue of Activist Insight, with management consistently outspending activists for anything above micro-cap stocks in what activist investors say is a classic case of misaligned incentives, but partially just reflects the two sides different obligations
Management spends more on proxy fights than activists
As you would expect, the cost of a proxy fight . . .
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