NEW YORK -- Donald A. Yacktman, the president and chief investment officer of Yacktman Asset Management in Buffalo Grove, Ill., is no stranger to heated boardroom battles, and as the great bull run of the 1990s was reaching its heights, he made headlines as a result.

In 1998, Yacktman stood at ground zero in the very public boardroom corporate governance war that pitted the firm he created against the independent trustees who sat on the board of directors of his two funds (see MFMN 2/11/98). An ugly proxy fight ensued, with the SEC even getting involved and, finally, with Yacktman eventually prevailing, and the board trustees resigning.

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