Editing Proxy fight (section)

==Examples==
*An acquiring company, frustrated by the [[Takeover#Tactics against hostile takeover|takeover defense]]s of the management, may initiate a proxy fight to install a more compliant management of the target.
*Internal opponents to an impending takeover (viewing it will cut value or add much risk) may enter into a proxy fight. Such took place within [[Hewlett-Packard]], before [[Carly Fiorina]]'s management of that company in 2002 took over [[Compaq]].<ref>[http://www.enquirer.com/editions/2002/03/20/fin_hp_declares_proxy.html HP declares proxy win]</ref>
*Absent any looming takeover, proxy fights emerge from shareholders unhappy with management, with or without legal and equitable [[derivative suit]] grounds, as with [[Carl Icahn]]'s effort in 2005&ndash;06 to oust most of the board of [[Time Warner]].<ref>[http://www.dmwmedia.com/news/2006/01/31/frank-biondi-joins-carl-icahn-in-time-warner-proxy-fight Frank Biondi Joins Carl Icahn in Time Warner Proxy Fight] {{webarchive|url=https://web.archive.org/web/20100218183834/http://dmwmedia.com/news/2006/01/31/frank-biondi-joins-carl-icahn-in-time-warner-proxy-fight |date=2010-02-18 }}</ref>
*An early history of proxy fighting, detailing such 1950s battles as the fight for control of some of the largest U.S. corporations, including the [[Bank of America]] and the [[New York Central Railroad]], can be found in [[David Karr]]'s 1956 volume, ''Fight for Control''.