Nelson Peltz of Train Fund Management, on Jan 9, 2015 initiated a proxy fight for four out of the twelve seats on the DuPont board.
The fund had previously published a public letter addressed to investors summarizing its proposal to break the business into three regions: agriculture and nourishment, industrial materials, and operation substances and criticizing the company for its inferior performance. Ellen Kullman's board and Chairman and cEO she were left with the choice that was challenging.
Should shareholders let four of Trian's nominees onto thier board, knowing it would mean replacing four highly seasoned and valuable managers or should they go face to face with Peltz in a very public proxy fight?
Proxy Contest at DuPont Case Study Solution
PUBLICATION DATE: July 22, 2015 PRODUCT #: 416005-HCB-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
Related Case Solutions & Analyses:
Exploring New Business Opportunities at LoJack
Cosmeticos de Espana S.A. (A)
Prudential Financial Inc.: Stockholders Equity and Balance Sheet Leverage
Paths to Power: Rudy Crew (Video) DVD
Monsantos Genetically Modified Organisms: The Battle for Hearts and Shopping Aisles
Smith Breeden Associates: The Equity Plus Fund (B)
Banco Itau
British National Health Service Reform
Dirigo International
ABC COST ANALYSIS/INSTALLATION OF A PLAN IN A NURSING HOME GROUP
