November 7, 2017
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
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 17, 2017
“The process very much has the appearance of the review of hanging chads in Florida,” Bruce Goldfarb of proxy advisory firm Okapi Partners told The Post, referring to the contested 2000 Presidential Election.
“Win or lose, it will have some impact on how P&G operates,” Goldfarb said.
October 16, 2017
“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.”