Perhaps more than anyone else, the person associated with leading proxy fights these days is Carl Icahn. He calls himself a shareholder activist. He uses funds from his firm, Icahn Associates, to buy stock in a company that he considers undervalued and pressures management to take measures he thinks are necessary to turn it around. If they don't, Icahn often tries to get his own directors elected to the company's board.
I sat down recently with Carl Icahn and began by asking him how he rates his chances of success in proxy fights over the next couple of months, now that hedge funds and mutual funds are joining with him.
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