Posted inBoards & Shareholders

Four Lessons, and One Basic Rule, From the DuPont Battle

The high drama of this year’s proxy season happened in May, when DuPont thwarted a boardroom takeover pushed by hedge fund guru Nelson Peltz and his Trian Partners fund. How? This week, columnists Stephen Davis and Jon Lukomnik critique the basic strategy Trian used and the counter-offensive DuPont skillfully employed to convince investors that, no, wholesale governance change wasn’t necessary.

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