Wolosky Authors Article for IR Magazine
IR Magazine, a global publication that focuses on the interactions between companies and their investors, published an article authored by Steve Wolosky entitled "The Activist Push for Spin-Offs." The article notes that with activists now robustly involved in boardroom dynamics, engaged shareholders are pushing to realize untapped value by spinning off business lines as separately traded companies. Addressing this current trend in shareholder activism, Steve outlines the advantages of distinct businesses having more value as a separate entity due to a number of reasons, including avoiding brand confusion; positive investor perception; capitalizing on opportunistic acquisitions; and use of advantageous REITs. Several prominent clients, including Starboard, were noted in the piece.