Oh, the ink that has spilled on this interesting subject.
Dozens of observers have dissected the proxy contest at Dupont. (ICYMI, Trian failed to elect any of four candidates to the Dupont BoD.) We've heard what it means for Dupont management and shareholders, CEOs and BoDs, and America.
We haven't seen anyone parse what it means for activist investors. Overall, it reminds us of what makes for a successful activist situation: undervalued companies with big problems, obvious solutions, and a concentrated, unhappy institutional investor base.
We identify the lessons learned in a current blog post.
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