Based on my experiences (formerly did activist investing for 8+ years) there&#x27;s a lot more pragmatism for all parties involved.<p>Activist don&#x27;t just suddenly show up and get board seats. There&#x27;s usually an ongoing issue&#x2F;debate that management teams&#x2F;boards are dealing with behind the scenes long before an activist is actively pushing for board seats.<p>Also keep in mind, even if an activist (&quot;easily&quot;) gets a board seat, there&#x27;s still an extraordinary amount of work to be done. It&#x27;s easy being a board member when times are great, but being on the board of a company undergoing a turnaround is a completely different experience.