March 28, 2014
1:30 PM - 3:00 PM

Acctg. Seminar: Suraj Srinivasan (Harvard). "Consequences to Directors of Shareholder Activism"

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We examine how shareholder activist campaigns affect the careers of directors of the targeted firms. Using a comprehensive sample of shareholder activism between 2004 and 2011, we find that directors are almost twice as likely to leave over a two-year period if the firm is the subject of a shareholder activist campaign. While it has been argued that proxy contests are an ineffective mechanism f...

For more information please e-mail Jeffrey Jullich