RE:ControlSmoothwater can get choppy:
After being rebuffed in attempts to reach an agreement with Genesis, Smoothwater launched a proxy battle, proposing a slate of directors for the company. Genesis countered with a court challenge, and succeeded in winning a ruling postponing the vote. The battle was settled in August with Genesis agreeing to add two of Smoothwater's proposed director nominees, including Mr. Griggs, who will become chairman of the board.
"I don't like fighting - to me you should focus on productive activities. And a proxy fight is really a last resort," Mr. Griggs said. "Unfortunately in this situation we had to do it, and it was a very expensive process for everybody. But we ended up at a good place."