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. Often, they are used as a way to bring attention to issues within a company or to pressure management to make changes, but they do not typically result in a complete takeover of management.

The Track Record for Proxy Fights Suggests They Are