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Activists Lay Down Their Arms as Companies Cope With Coronavirus Spread

  • 📰 WSJ
  • ⏱ Reading Time:
  • 5 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 63%

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This proxy season, shareholder activist investors are walking away from their campaigns or settling them early as companies struggle simply to stay afloat and keep their workers employed

Executives are struggling to keep their companies afloat and their workers employed as the coronavirus spreads, and activists’ demands in many cases seem less pertinent than they did just a few weeks ago.

That’s led many of the investors to walk away from campaigns or settle them early.
 

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Unless your BillAckman

Wall Street took most of the money and sold its views

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