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Message: <blockquote data-quote="Benjamin Olson" data-source="post: 8548883" data-attributes="member: 6988941">So I have a policy that when I regularly send disposable income to one particular company I try to also spend a comparable amount of money buying stock in it (NOTE: not a recommended investing strategy). In any case I certainly would prefer if I could just own WotC stock without owning toy company stock, since I buy lots of WotC products and very little in the way of other Hasbro products.An activist shareholder is someone who tries to use the voting power of their equity stake in a corporation to pressure management to take some course of action, usually through the threat of potentially replacing the board of directors, and thereby management, through shareholder voting. A proxy battle is a hostile attempt to unseat the management (or otherwise vote against management if the corporation allows voting on other things by shareholders) by someone who does not directly have a controlling stake in the company. In a large publically held corporation most of the stockholders are never going anywhere near the shareholder's meetings, but can agree to let someone else cast their votes as a proxy, so in a proxy battle the two sides campaign to line up a bunch of the potential shareholder votes that otherwise would not be cast to support them.</blockquote>