In addition, S&P 500 CEOs who held both the chairperson and CEO slots were paid 29% more on average, says Institutional Shareholder Services.
Engaged Capital accuses the board of Outerwall of "speculative growth strategies, reckless capital allocation and poor corporate governance."
Martin Lipton advises companies to meet with activists and avoid "drawn out" proxy battles.
By demanding share buybacks and dividends, which are paid out of cash reserves, activists threaten debt repayments.
Are your board members the right people for the job? Prove it, investors are saying.
In 2014, 344 companies were targets of activist shareholders, but the average activist fund returned only 4%, finds a new study.
Activist Carl Icahn pushes for governance changes at upcoming spinoffs from eBay and Gannett that would leave them vulnerable to takeovers.
An audit committee review shows the rental car company overstated GAAP net income for three years.
