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Mar 31, 1998

Proxy field guide

In a guide to this year's proxy season, we find out who's worth catching and who you can afford to let through your net

It's a jungle out there.' That's how one CEO of a large US corporation describes this proxy season. And when you consider the ferocity of some of the proxy campaigns waged over the last ten years you can see what he means. The one that stands out most in his mind is the campaign run by Institutional Shareholder Partners in 1992 against Sears, in which the Bob Monks/Nell Minow team placed an ad in the Wall Street Journal which had a picture of all the company's directors above the slogan: Non-performing

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