We are not surprised to see FTI Consulting is still reliably unreliable. This is the firm that famously created fake dark money-funded front groups, fake news sites, and fake social media profiles and has not answered our inquiries about their reported changes.

Managing Director Kurt Moeller writes a piece titled “5 Factors Impacting Activists’ Declining Success Rate.” Yet one of those factors is: “Companies have recognized more clearly when they are likely to lose a proxy contest and are more willing to settle, rather than risk a vote;” We would characterize that as an improving success rate for activists.

Notably, two of the other factors are reflections of current upheavals making activism a less economic proposition. That has little if anything to do with the success rate of activists, unless it is the success rate of selecting targets.