Wolosky Quoted in The Deal on the Rise of Small Stake Activism

Firm News

Olshan Activist Partner Steve Wolosky was quoted by The Deal (subscription required) in an article discussing the advantages and disadvantages of small stake activism. The story explains the  recent rise and that 34.5% of the 148 public activist campaigns so far were from a shareholder with less than a 5% shareholder stake. Steve notes the advantage of not taking the full 5% stake in a company is the ability to work behind the scenes. On the other hand, Steve says, if one of the items on the investor's agenda is board representation, management may ask whether they shouldn't be talking to a larger shareholder. Which means it's incumbent upon the small stake investor "to understand the rest of the shareholder base," he said. Steve concludes that the best campaigns happen when the fund is in for the long term. The article also provides insight from Olshan client Glenn Welling, founder of Engaged Capital LLC, providing a sampling of key settlements and proxy fights.

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.