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CEOs In Hot Seat As Activists Get Bold About Replacements, Law360

July 21, 2017

Shareholder activists are increasingly setting their sights on replacing public companies’ chief executives, with many making the push early and publicly in campaigns as large-cap companies continue to draw scrutiny, a recent report shows.

The trend — highlighted in a half-year review released by Activist Insight and Olshan Frome Wolosky LLP — came into focus during the first six months of the year as a number of well-known activists went to the mat with large-cap public companies’ top brass and secured a handful of wins.

Partner Keith Gottfried is quoted.

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