kaal:claim:5583610-018

Activists currently prevail in about forty percent of proxy contests, and by rallying passive retail and institutional voters LER could cut that success rate by fifteen to thirty percentage points.

Source quote, verbatim

Extrapolating from earlier studies on activist success rates, LER could reduce activist success rates by 15–30% just by rallying retail and institutional support, thus creating a resilient ownership base that prioritizes the company's long-term vision

From

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025), 5.1. Time-Weighted Rewards Between Annual Meetings, p. 22
https://ssrn.com/abstract=5583610 · source PDF

Cite as

Wulf A. Kaal, Liquid Equity Rewards in Corporate America (2025). SSRN: https://ssrn.com/abstract=5583610

Holds when

extrapolated from shareholder perk and loyalty studies rather than observed LER deployments

Classification

predictivesupport: evidencedinstitutional-design

Verify

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