Why the Fireworks Go Off During Proxy Season

The video discusses the proxy season, a critical period for shareholder activism, where activists exert pressure on companies during annual meetings. It highlights the trend of companies settling quickly with activists, often due to fear or cost concerns, and argues against such settlements. The video explains the dynamics of activist directors and the shift of activist focus to smaller companies, which are less covered by national media and often run like private enterprises.

What are the two categories of activist directors mentioned in the text?

What challenges do companies face when dealing with activists in smaller market cap companies?