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We saw COVID-19's impact on activism show up in March, lower M&A activity and companies focused on conserving cash will mean that activists are likely to increase their focus on operational performance and how management teams react to the crisis as the basis for new campaigns. But in a few months, activists who have been waiting on the sidelines could come back with a vengeance.

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    Who said, "When a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully."?
    • A. Roy Rogers
    • B. Samuel Johnson
    • C. John Wayne in "The Searchers"
    • D. Queen Elizabeth II