Wall Street Journal Notes Wolosky’s Adaptec Proxy Victory
April 12, 2010
The Wall Street Journal used Steel's strategy in the Adaptec proxy fight in an article on investors seeking to put more seasoned executives in director positions. Olshan’s client, Steel Partners, removed two incumbent directors, including the CEO, from the Board of Adaptec and placed Steel Nominee, John Mutch, on its board. Steve Wolosky, Ron S. Berenblat, Andrew M. Freedman and Jason W. Soncini comprise the Olshan team that represented Steel in the matter.