Law360 Quotes Steve Wolosky on Shareholder Activism Panel at Tulane University Law School's 31st Annual Corporate Law Institute
Law360 (subscription required) quoted Olshan Activist Equity Investment Practice Co-Chair Steve Wolosky, who participated on a panel entitled, “The ‘Ins’ and ‘Outs’ of Dealing with Activists”, at the Tulane Law School’s 31st Corporate Law Institute. As shareholder activism continues to make progress and change from what it was just a few years ago, activists have become more comfortable in expressing their opinions regarding decisions within the world of activism in a public manner. According to Wolosky, “Activism was a dirty word 10 years ago, but it's more accepted as an asset class now, and I think it's an asset class that's not going away.” He continued by referencing a recent example of a large, non-activist investment firm taking a public stance, “Look at Wellington and Bristol-Myers. I don't want to get into details on that matter because I'm working on it, but that wouldn't have happened 10 years ago.” Wolosky concluded by adding a final piece of advice, “I think you really need to explain to someone when you go public that you may be throwing some darts, but you might get some darts back at you," Wolosky said. "You need to be prepared for that."