For two decades, as the army's proxy, it has waged an insurgency in Indian-held Kashmir that has cost over 40,000 lives.
Mr. Thompson's departure also signifies a victory for Third Point, the activist hedge fund that had discovered the executive's erroneous record and had waged a bitter proxy fight to get its nominees onto Yahoo's board.
Still, it was pretty startling when, in the middle of his speech to Target Corporation shareholders, William A. Ackman, the hedge fund manager who had waged an expensive, high-profile proxy fight against the company, suddenly choked up and stopped speaking.
They have waged an insanity defense.
For months, Russian President Vladimir Putin has waged maskirovka warfare in east Ukraine - an old, Soviet-perfected model of destabilizing foreign countries which is characterized by dissimulation, misdirection and plausible deniability, all done with the use of arms-length proxies.
He made it sound as if he had achieved a moral victory just by the fact that he had waged this proxy fight.
Investors like Carl C. Icahn and Nelson Peltz have waged proxy fights to get candidates elected to companies they said were underperforming.
Yahoo also agreed to give the hedge fund, which had been waging a proxy fight against Yahoo, three seats on its board.
But analysts said that for Microsoft, which this year had considered waging a proxy fight for control of Yahoo, backing Mr. Icahn also represents a shrewd strategy with little downside risk.
Says Kessler, "Microsoft doesn't have to wage a proxy battle.
