Jump to content
  • 0
Sign in to follow this  
Simon Mugo

Should Nelson Peltz launch a proxy war at Legg Mason?


1 answer to this question

Recommended Posts

  • 0

Nelson Peltz, the CEO of Trian Fund Management is likely to initiate a proxy war at US asset manager Legg Mason Inc. (NYSE: LM) as he tries to steer the company in a new direction. Trian has already held talks with Legg Mason’s management team where it urged them to cut costs and figure out ways to increase the firm’s profitability.

Trian was a majority shareholder in Legg Mason from 2009-2016 and Nelson Peltz had a board seat at LM up to 2014 when he voluntarily stepped down. Given that Peltz is an activist investors, the probability of Trian launching a proxy war at Legg Mason is quite high, but there is also a chance that he might strike a deal with LM’s management.

To answer the question as to whether Nelson Peltz should start a proxy war at LM, it all depends on whether the firm’s management shall reject his ideas forcing him to start a proxy war. However, most corporate leaders know that in most cases a proxy war with Nelson Peltz is futile as always gets what he wants.

Share this post

Link to post
Share on other sites

Join the conversation

To reply to this question, sign in or create a new account.

Sign in to follow this  

  • Create New...