The Annals of Activism, 2012

Two of the year’s biggest battles — and two of the smallest


Market value: $5.3 billion

On Oct. 31, Carl Icahn disclosed that he had built up a 10 percent stake in the company, saying Netflix should sell itself. The video streaming service says it suspects Icahn plans a takeover attempt and has adopted a poison pill that would make an acquisition more expensive.


$2.6 billion

In June, AOL’s board staved off a takeover attempt by Starboard Value, which owned more than 5 percent of AOL shares and objected to the company’s content strategy. Since then, AOL appointed a chief operating officer to reorganize the company, and shares are up 21 percent.

Greektown Superholdings

$7.7 million

Brigade Leveraged Capital said the Detroit casino’s board wasn’t doing enough to counter declining market share. The fund failed to get the votes it needed to elect a new director to the board.

Rumson-Fair Haven Bank & Trust

$16.8 million

Hedge fund manager George Hall successfully ousted Chairman William Barrett and secured a seat on the board of this community bank. Hall’s fund, Clinton Group, said the bank was too conservative in its lending and was leaving profitable business on the table.


Magazines Review offers you a broad range of popular American magazines online. Browse an extensive directory of magazines, covering most important aspects of your life. Find the most recent issues of your favourite magazine, or check out the oldest ones.

About content

All the articles are taken from the official magazine websites and other open web resources.

Please send your complains and suggestions through our feedback form. Thank you.