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The Strategic Battle for Board Control
This chapter explores the intricacies of activist investing and the challenges faced in handling proxy contests within company boards, using the case study of the Canadian Pacific proxy contest. It sheds light on the mismanagement of the Canadian Pacific railroad company, the involvement of activist investors, and the dynamics of board composition for effective decision-making. The narrative captures the intense battle for control over the iconic Canadian company, highlighting the strategic assembly of a group of directors and the pivotal role played by a pioneering female CEO in achieving victory.