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M&A focus: Unseating the board

Comments (0) | 1 Aug 2008 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Companies, such as Yahoo!, have had to combat shareholder activists attempting to overhaul the boardroom personnel

Rejected

Activists typically run short slates in proxy fights, because trying to unseat a majority of board members is much harder to do. To back a complete overhaul, shareholders need a very good reason, such as the temptation to force a lucrative takeover that current management is resisting.

Carl Icahn ...

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