Nelson Peltz And DuPont: Round II
Nelson Peltz's DuPont battle put a damper on activism in general, although Peltz says otherwise. Peltz was close to a win - getting some 46% of the vote. Supporting DuPont was the big passive funds Vanguard and Blackrock.
Even with a steep fall in the stock price since the loss, Peltz is holding onto its stake, saying at Delivering Alpha., he'd rather be rich than right.
Peltz would rather see the stock at $100 a share, but also notes that he might be up for another proxy fight next year.