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December 13, 2017
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“This year we executed campaigns against larger targets and in defense of companies by utilizing new and innovative tools to communicate with shareholders for the benefit of our clients,” said Bruce H. Goldfarb, President and CEO of Okapi Partners. “As we always have, our team stepped up to the plate in our busiest year ever and delivered the highest quality counsel and execution our clients have come to expect.”

November 19, 2017
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Goldfarb said he would not be surprised if the final IVS number is different than what was presented on Wednesday, adding that there usually are some votes that are subject to change but that they typically are immaterial to the final outcome.

However, in this case, even small votes are not unimportant, and error associated with a small individual shareholder with 43,000 shares could swing the election in favor of P&G’s incumbent director. “The difference in the tally could be one voter,” he said.

November 7, 2017
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Bruce Goldfarb, chief executive of Okapi Partners, a firm that helps run proxy fights but was not involved in this one, said that Mr. Ackman’s reputation had taken a blow, but that if ADP performed well in the future, investors might give him some of the credit.

“The short term sting to Ackman’s reputation will be painful and may impact his next campaign,” he said. “Nevertheless, the true reputation of any activist is based on the change in value of the target selected and the impact on that value that can be attributed to the campaign.”

November 2, 2017
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But management usually has the advantage when shares held by employees are voted in a proxy battle, said Bruce Goldfarb, chief executive officer of Okapi Partners LLC, a New York-based proxy solicitor.

“Current employees tend to support management, especially if the employees do not think voting will be confidential,” Goldfarb said, speaking in general terms. A P&G spokesman said management cannot see how employees voted.

October 16, 2017
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“You’re talking about the end stage of an election campaign, where the parties haven’t kissed and made up,” said Bruce Goldfarb, founder and chief executive of Okapi Partners, a proxy-solicitation firm. “There’s a little bit of venom to the process.”

August 28, 2017
Articles

Beleaguered Hedge Fund Titan Bill Ackman Is Having Another Rough Year It certainly looks like 2017 is shaping up to be another “terrible, horrible, no good, very bad” year. By Ron Orol Bill Ackman earlier this month escalated his activist campaign to install three dissident directors onto Automatic Data Processing Inc.’s (ADP) board with a 167-page presentation […]