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C1 Raider Takes Aim at Hercules Samuel J. Heyman, the 1980's corporate raider who bought the chemical giant GAF in 1988 after a long tug of war with the board, has started a proxy fight for control of Hercules Inc., a chemical company worth more than $1 billion.
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Mr. Heyman, who already controls four dissident seats on the Hercules board that he won in 2001 after a drawn-out proxy fight, has started another proxy contest for four more seats to put him in charge of the 13-member board.
BUSINESS INSIDER Icahn Begins Proxy Fight at Clorox | Carl C. Icahn has officially started a proxy fight at Clorox after the detergent company spurned his $10.7 billion takeover bid.
Mr. Icahn had already started a proxy fight to replace Yahoo's board, which includes Mr. Yang, but had not previously said that he also planned to strip Mr. Yang of his chief executive role.
But make no mistake: Mr. Icahn, who has been called a "savior" and "sinner" in the same breath, does not want to actually win the proxy contest he has started – not if winning means taking seats on the board.
Recently, however, we have been able to get board representatives without having to start a proxy fight.
Avigen, based in Alameda, Calif., had been resisting the efforts of the Biotechnology Value Fund, which started a proxy fight to replace the company's board.
On Monday, Mason started a proxy fight to oppose the share-class change.
Icahn Struggles to Find a Board for Time Warner As a dissident shareholder, Carl C. Icahn has criticized the management and board of Time Warner and has vowed to start a proxy fight to replace the board.
Mr. Ballmer had threatened to start a proxy fight to oust Yahoo's directors if the deadline was not met.
But she also said that in recent years, brokers have started to talk about good schools as a "proxy for race".
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