The addition of two new members – a veteran chief financial officer with expertise in capital allocation and an expert in consumer products – did not appease Loeb’s Third Point.
does not address his concerns about governance, capital allocation and executive pay.
“As fiduciaries, we have no choice but to put forth qualified director candidates and give our fellow shareholders the opportunity to elect directors who can hold the stewards of their capital responsible for the decisions they make,” Third Point founder Daniel Loeb wrote in a letter to the company’s board.Third Point is announcing the board challenge only hours after Bath & Body Works on Tuesday announced a second board refreshment in two weeks.
The addition of two new members – a veteran chief financial officer with expertise in capital allocation and an expert in consumer products — did not appease Third Point. The addition of two new members — a veteran chief financial officer with expertise in capital allocation and an expert in consumer products — did not appease Dan Loeb’s Third Point.Loeb has concerns about Bath & Body Works’ governance, capital allocation and executive pay.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bath & Body Works adds second new director amid pressure from Third PointBath & Body Works on Tuesday named a veteran chief financial officer with expertise in capital allocation as a new director, marking the second time in two weeks the specialty retailer has expanded its board as it faces pressure from an activist investor.
Leer más »
WSJ News Exclusive | Third Point to Launch Proxy Fight at Bath & Body WorksDan Loeb’s Third Point plans to launch a proxy fight against Bath & Body Works over what the activist investor says is excessive executive pay and lagging performance
Leer más »
Dan DiDio's Rule For DC Was Only A Third Of Comics Should Be BatmanDan DiDio talks a lot about the plans and process at new publisher Frank Miller Presents. But he also talked a lot about being co-publisher at DC Comics.
Leer más »
Stock futures fall as Dow tries to rebound from its third-straight weekly decline: Live updatesThe Dow fell 0.1% last week, marking its third straight weekly decline.
Leer más »
Jokic snubbed in all-star draft, but favored to win third straight MVPThere are plenty of solid candidates for NBA MVP. Will Denver's Nikola Jokic make it three in a row? Mike McGraw handicaps the MVP race and ther other major awards at the all-star break.
Leer más »
Scientists Working on Third Arm You Control Using Your BrainMany advances in robotic prosthetics focus on rehabilitation. But what about controlling a supplementary limb? Enter the world of movement augmentation.
Leer más »