The Altman Group, a proxy firm founded by 35-year industry veteran Ken Altman, has revealed it will not accept new corporate proxy clients. Deep-pocketed competition in the US proxy space and an exodus of top talent have prompted the Altman Group to focus on other areas, including its main business doing proxy work for mutual funds and closed-end funds. Altman’s exit from the US corporate proxy business coincides with the entry of Alliance Advisors. (Altman shifts course away from US proxy, Inside Investor Relations, 8/19/10) We’ll miss them and hope Altman continues to lend his talents and opinions to important subjects like proxy plumbing reform.
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