If earnings are poor and stockholders are dissatisfied, an outside group might solicit the proxies in an effort to overthrow management and take control of the business, this is known as:

Question

Quizplus · Accepted Answer

A proxy fight is a situation in which an outside group attempts to gain control of a company by soliciting the proxies of current stockholders. This is often done in response to poor earnings or dissatisfied stockholders. The other answer options are not commonly used terms in business or finance.

If Earnings Are Poor and Stockholders Are Dissatisfied, an Outside