Nelson Peltz, Bill Ackman – Proxy Contests

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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”] Also read: Lakewood Capital Bets Against One Of China’s Richest Billionaires Today’s…

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