Yes, because activist investing is not a zero-sum game. Since activist investors and incumbent managers share an interest in the company's success, they may sometimes agree to a mutually acceptable compromise. Such agreements typically grant the activist investor representation on the company board in exchange for a pledge to support management and the company's director nominees for a specified time. The agreements may also specify steps management will take at activist investors' behest, while including standstill provisions preventing the activist from increasing their stake in the company or requiring them to maintain a specified minimum stake.