Dan 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
Dan Loeb’s Third Point LLC plans to launch a proxy fight against Bath & Body Works Inc. to address what the activist investor says is excessive executive pay and lagging financial performance at the soap and fragrance maker.
Third Point, which first disclosed a stake of more than 6% in Bath & Body Works in December, plans to nominate candidates to the company’s board including at least one shareholder representative, according to people familiar with the matter. The activist hasn’t yet determined which directors it will aim to replace, at the annual meeting expected this spring.
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 »
Lush's New Bath Bomb Benefits Indigenous CommunitiesThe brand is hoping to raise $350,000 to support Indigenous communities, with 100% of sales of a new bath bomb going towards the cause.
Leer más »
Scientists Witness The 'Tipping Point' of Alzheimer's in The Lab For The First TimeScientists have identified the exact point at which healthy brain proteins are shocked into the tangled mess that is commonly associated with Alzheimer's disease.
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 »