The track record for proxy fights suggests they are:
A)usually successful in forcing management out.
B)only successful when accompanied by a tender offer.
C)rarely effective in taking over management.
D)the first step in a hostile takeover.

Question

Quizplus · Accepted Answer

Proxy fights are rarely effective in taking over management. While they can increase pressure on management to make changes, they typically do not result in the ousting of the existing management team. Hostile takeovers, on the other hand, involve a more aggressive attempt to acquire control of a company.

The Track Record for Proxy Fights Suggests They Are