How to rebuff an activist investor's challenge
As proxy season nears, so too does the decision to work with - or stand up to - activist investors.
While shareholder activism is on the rise across the corporate spectrum, the banking industry hasdrawn attentionfrom dissident investors for years.
Activists often work behind the scenes in hopes of improving performance and shareholder value. Conflict arises when those efforts fall flat, or when an activist is at odds with management or the board, at which point a dispute often become...