Daredevil shareholders: U.S.' new action heroes

Tuesday, March 4, 2003 at 1:00am

Tired of waiting for a political action hero to take up their cause, investors have found an unlikely champion: themselves. That's right. The little guys are taking matters into their own hands with the one-two punch of proxy resolutions and lawsuits.

The confrontational mood promises to make the approaching run of annual shareholder meetings a radical departure from the corporate love fests of the past. All across corporate America, CEOs and board members are steeling themselves for hostile debate on a record number of proxy resolutions

Filed under: City Voices