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Контент предоставлен Pacifica Global, LLC. and Evan Epstein. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Pacifica Global, LLC. and Evan Epstein или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.
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Patrick Gadson: Shareholder Activism in 2024 and its Evolving Dynamics.

53:12
 
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Manage episode 415270652 series 2910083
Контент предоставлен Pacifica Global, LLC. and Evan Epstein. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Pacifica Global, LLC. and Evan Epstein или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

(0:00) Intro.

(1:23) About the podcast sponsor: The American College of Governance Counsel.

(2:10) Start of interview.

(2:40) Patrick's "origin story."

(3:41) His time at Skadden and Olshan Frome Wolosky (leading shareholder activism legal practice).

(4:38) Joining Vinson & Elkins to co-build shareholder activism practice.

(6:40) Distinguishing between large, mid, and small cap activism.

(10:14) Reference to Lazard's 2023 Annual Review of Activism and Patrick's 2024 trends to watch out in activism.

(13:39) On ESG activism, and the impact of Exxon Mobil case ("[I]t was more of a capital allocation campaign, rather than ESG"). Distinguishing the Starbucks ESG campaign (targeting Starbucks' labor relations).

(18:29) Separating E, S, and G activist campaigns. "The 'S' is inherently political"

(20:29) On the evolution of Universal Proxy Rules for director elections.

(27:06) On the "lifecycle of a campaign" (activists' letters, withdrawals, settlements, proxy fights, etc.)

(31:36) The impact of institutional investors and proxy advisors (ISS and Glass Lewis) in shareholder activism. *Reference to the Problem of Twelve episode with HLS Prof John Coates.

(37:50) The importance of shareholder engagement (with large institutional investors and proxy advisors).

(40:55) On company or board preparedness for activist campaigns.

(44:45) Books that have greatly influenced his life:

  1. If I Die in a Combat Zone by Tim O'Brien (1973)
  2. Thinking Fast and Slow by Daniel Kahneman (2011)
  3. David and Goliath by Malcolm Gladwell (2013)
  4. On Shareholder Activism:
    1. DisneyWar by James B. Steward (2005)
    2. Railroader by Hunter Harrison (2018)
    3. The Splendid and the Vile (Saga of Churchill) by Erik Larson (2020)

(47:53) His mentors.

(49:00) Quotes that he thinks of often or lives her life by.

(49:55) An unusual habit or absurd thing that he loves.

(50:35) The living person he most admires.

Patrick Gadson is the Co-Head of Vinson & Elkins’ Shareholder Activism practice, which advises public companies in competitive proxy solicitations, strategic investor relations, and corporate governance.

You can follow Evan on social media at:

X: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/

Substack: https://evanepstein.substack.com/

__

To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/

__

Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

  continue reading

161 эпизодов

Artwork
iconПоделиться
 
Manage episode 415270652 series 2910083
Контент предоставлен Pacifica Global, LLC. and Evan Epstein. Весь контент подкастов, включая эпизоды, графику и описания подкастов, загружается и предоставляется непосредственно компанией Pacifica Global, LLC. and Evan Epstein или ее партнером по платформе подкастов. Если вы считаете, что кто-то использует вашу работу, защищенную авторским правом, без вашего разрешения, вы можете выполнить процедуру, описанную здесь https://ru.player.fm/legal.

(0:00) Intro.

(1:23) About the podcast sponsor: The American College of Governance Counsel.

(2:10) Start of interview.

(2:40) Patrick's "origin story."

(3:41) His time at Skadden and Olshan Frome Wolosky (leading shareholder activism legal practice).

(4:38) Joining Vinson & Elkins to co-build shareholder activism practice.

(6:40) Distinguishing between large, mid, and small cap activism.

(10:14) Reference to Lazard's 2023 Annual Review of Activism and Patrick's 2024 trends to watch out in activism.

(13:39) On ESG activism, and the impact of Exxon Mobil case ("[I]t was more of a capital allocation campaign, rather than ESG"). Distinguishing the Starbucks ESG campaign (targeting Starbucks' labor relations).

(18:29) Separating E, S, and G activist campaigns. "The 'S' is inherently political"

(20:29) On the evolution of Universal Proxy Rules for director elections.

(27:06) On the "lifecycle of a campaign" (activists' letters, withdrawals, settlements, proxy fights, etc.)

(31:36) The impact of institutional investors and proxy advisors (ISS and Glass Lewis) in shareholder activism. *Reference to the Problem of Twelve episode with HLS Prof John Coates.

(37:50) The importance of shareholder engagement (with large institutional investors and proxy advisors).

(40:55) On company or board preparedness for activist campaigns.

(44:45) Books that have greatly influenced his life:

  1. If I Die in a Combat Zone by Tim O'Brien (1973)
  2. Thinking Fast and Slow by Daniel Kahneman (2011)
  3. David and Goliath by Malcolm Gladwell (2013)
  4. On Shareholder Activism:
    1. DisneyWar by James B. Steward (2005)
    2. Railroader by Hunter Harrison (2018)
    3. The Splendid and the Vile (Saga of Churchill) by Erik Larson (2020)

(47:53) His mentors.

(49:00) Quotes that he thinks of often or lives her life by.

(49:55) An unusual habit or absurd thing that he loves.

(50:35) The living person he most admires.

Patrick Gadson is the Co-Head of Vinson & Elkins’ Shareholder Activism practice, which advises public companies in competitive proxy solicitations, strategic investor relations, and corporate governance.

You can follow Evan on social media at:

X: @evanepstein

LinkedIn: https://www.linkedin.com/in/epsteinevan/

Substack: https://evanepstein.substack.com/

__

To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/

__

Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

  continue reading

161 эпизодов

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