Data: Lazard; Chart: Axios Visuals. Data is global for companies with a market cap of $500m or above. May include campaigns without a publicly confirmed thesis.
Companies large and small are on alert for a record wave of attacks this year from activist investors.
By the numbers: 2022 saw a record number of new activist investors, and a record share of activists' activity targeted large companies — including Alphabet, Meta and Salesforce.