Down with Dinosaurs

A proxy advisor surveying the proxy season says business will pick up - if the market doesnt go south.' He remembers the last recession when shareholder proponents upped and ran for cover. So experience says that in hard times, shareholders vote with their feet and just walk away; or that they're too busy with simple survival to worry about the lofty aims of activism. But what about all the hard won corporate governance progress - drawn tooth and nail from mulish management - if the market goes