Look, Starboard put up over a hundred million dollars to buy 15% of ODP stock. They did not buy it to lose money on the stock, in fact one of the biggest reasons the stock has gone up is the demand from them. How they go about improving shareholder value (i.e. selling ODP Mexico, or some other International divisions) is not as germane as the fact that they want the share price to increase, which benefits little guys as well as big guys. If you have your money invested in this stock they Starboard is your ally, not your enemy. As the largest shareholder they have more to gain or lose than anyone
They would be hard pressed to "lose" anything as cheap as they bought the stock. They are like any other company spending money to move into a company: They will do what is best for THEM. Hopefully the little guys can sell before the company is broken up and sold off, if it comes to that.