![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2012/10/coffee-edited-e1413305929866.jpg?w=250&h=250&crop=1)
Shareholder Activism and Ethics: Are Shareholder Bonuses Incentives or Bribes?
This is the heyday of institutional investor activism in proxy contests. Insurgents are running more slates and targeting larger companies. They are also enjoying a higher rate of success: 66% of proxy contexts this year have been at least partially …