0 Simon Mugo Posted May 15, 2019 Author Share Posted May 15, 2019 Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted May 15, 2019 Share Posted May 15, 2019 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. Quote Link to comment Share on other sites More sharing options...
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