The tale of this spring's proxy fight between a Boston money manager and a tiny Texan oil company
Not everyone who launches a proxy fight expects - or even wants - to win it. Certainly Dr Peter Falb, founding partner of Boston-based money manager Dane, Falb, Stone & Co, knew he had no hope of winning control of the tiny Texan oil company Toreador Royalty Inc when he launched a proxy fight against it back in the spring of this year.
But then that wasn't really the point of going into battle; his goal was to draw attention to the fact that, at least in his view, Toreador's management
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