May 20, 2015 Bruce Goldfarb Quoted in Article on DuPont’s Proxy Fight

Why DuPont Beat Nelson Peltz in the Biggest Proxy Fight in Years

DuPont’s large retail investor base also didn’t help Trian. Bruce Goldfarb, CEO of proxy solicitor Okapi Partners, said retail investors tend to be more supportive of management and they aren’t likely to be swayed by proxy advisory firms. The biggest issue with retail investors is to overcome their indifference. However, Goldfarb notes that there was a “heightened level of awareness” about the contest, through articles, Web sites and advertisements, suggesting that many retail owners turned out.

“My sense is that management gained a significant portion of the retail shares that voted, possibly a real factor in the decision,” he said.

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