According to Macerich's 2017 proxy statement, all the REIT's ten directors came up for election in 2017. Loeb is no stranger to director battles to drive his activist agenda. According to FactSet, Third Point has launched 62 campaigns at 59 companies since launching in 1997. Loeb's fund has engaged in seven proxy fights and written 25 publicly-disclosed letters to boards and management teams, FactSet said.