Wolosky Quoted in Forbes on Shareholder Activism Outlook Under Trump Administration

Firm News

In a recent Forbes article, Steve Wolosky, Olshan’s Activist & Equity Investment Practice Chair and nationally recognized expert on shareholder activism, commented on the impact President Trump and his advisors could have on shareholder activism. “While [Carl] Icahn was initially tapped by President Trump to advise him on the scaling back of excessive government regulation,” Wolosky stated, “there is always the possibility that the ‘grandfather’ of shareholder activism will also have the President’s ear when it comes to policies that could have an impact on activism.” Wolosky went on to comment on the SEC’s controversial universal proxy proposal, which he described as “the most significant regulatory development relating to shareholder activism that we have seen in quite some time.” “This is somewhat speculative,” Wolosky stated, “but Carl Icahn could be the wild card in determining the fate of universal proxies as he is a staunch proponent of a universal proxy system.”   

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