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But if the two sides fail to reach an agreement, Mr. Burkle would begin a tough proxy fight, in which he would seek to unseat three incumbent directors —including Leonard Riggio, the company's chairman and largest shareholder.
They are loth to upset such lucrative clients by refusing to support their activist adventures.Corporate bosses are also steeling themselves for an unusually tough "proxy season", the annual round of shareholder voting that is now getting under way.
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Mr. Sasa, who headed marketing for Olympus's medical business, does not have enough management experience to lead such a tough turnaround, the proxy advisory firm Institutional Shareholder Services said last month.
Is the whole issue of "experience" really a proxy for tough-mindedness?
She then gave the floor to a man who had been among her toughest critics during the proxy fight: Crescendo Partners president Eric Rosenfeld.
Before long, Mr. Hewlett, a member of the compensation committee of the Hewlett-Packard board, responded, prompting the toughest exchange in the proxy fight.
So of course she was going to get some of the toughest jokes, she was Trump's proxy.
In its final weeks, the Hewlett-Packard proxy fight is becoming increasingly tough and increasingly personal.
And a tough meeting with Institutional Shareholder Services, the most influential proxy advisory firm, left directors with the impression that it would urge shareholders to vote down the transaction.
India wants the United States to press Pakistan to take tougher action against Islamic militants waging a proxy war for Pakistan in Jammu and Kashmir, India's only majority Muslim state.
They have been flamboyantly flaky, like her tough-talking newspaper reporter in Joel and Ethan Coen's 1994 satire, "The Hudsucker Proxy".
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CEO of Professional Science Editing for Scientists @ prosciediting.com