Thursday, May 30, 2019

Bed Bath & Beyond shuffles board, reduces activist investor pressure

Chain Store Age
Bed Bath & Beyond is appeasing activist investors by adding some high-profile independent directors to its board.

These investors have been pressuring Bed Bath & Beyond for months, releasing a 100-page document that accused the retailer of a “stale retail perspective” and calling for the removal of former CEO Steven Temares. Temares stepped down earlier this month.. . . more