Originally Posted by
windshearmaxthr
Forgive me for my ignorance, but can you explain to me how or what leverage they had to demand their way into these board seats?
https://www.cnbc.com/2022/06/14/fede...-to-board.html
https://capital.com/fedex-activist-i...-price-de-shaw
A quick google search yields a bunch on the topic. Though they own under 1% of the shares, yet they have clearly established a voting bloc on the board - a bloc that is influential enough that sitting directors agreed to dilute their own influence in order to give it to DE Shaw. I'd love to know how these other BOD members were "influenced".
Last edited by Merle Haggard; 03-06-2023 at 09:52 AM.