Weekend Feature: Untold Lesson From The DuPont Proxy
Another week has come and gone with too much news and analysis to get through. The break for this weekend includes a feature on DuPont and Trian - but not what you think. The broad theme is that at the end of the day index funds and passive investors really don’t care about “good” corporate governance.
Weekend Feature: The Untold Lesson Of The DuPont Proxy Battle
As we’ve covered in past weekend features, DuPont won because the index and passive managers like Blackrock and Vanguard voted in its favor. To some degree, Nelson Peltz had the wrong strategy, but the overarching reason is that the passive managers don’t give a shit about better company governance or strategy - they are winning either way.
Read the full piece about the proxy fallout, along with notable campaigns from this past week, our thoughts on other activist happenings and the top posts on the site from the last week with Activist Strategy...