Activists Poised to Win More Seats at the Table This Year

Shareholder activists are on track to win a record 62 board seats this year, up from 58 seats in 2015, according to a Bloomberg analysis of 12 of the largest proponents for change, including Carl Icahn, Elliott Management Corp. and Bill Ackman’s Pershing Square Capital Management LP. New York hedge fund Starboard Value LP has captured the most board seats so far in 2016 with 7, including at Yahoo! Inc. and The Brink’s Co. To read more, see Bloomberg Brief’s Sustainable Finance newsletter.