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To Retain Workers, Walmart Moves More Of Them To Full Time
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To retain workers, Walmart moves more of them full-time
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Why does the CEO of a huge U S hospital company make 1,000 times more than an Employee of the Month?
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Activist investors have slightly shifted their strategy to take over the board at
Kohl’s Corp., reducing their director nominations from nine to five candidates.
The group, which includes Macellum Advisors GP LLC, Ancora Holdings Inc., Legion Partners Asset Management LLC and 4010 Capital LLC and collectively owns 9.5% of the retailer’s outstanding stock, publicly launched a campaign last month to overhaul Kohl’s 12-person board in an effort to improve financial performance.
Kohl’s continues to
In a revised proxy
statement Thursday morning, the investors called on stockholders to elect their five nominees as replacements for who they identify as the five “least qualified” incumbent board directors. Those directors include John Schlifske, chairman, president and CEO of Northwestern Mutual, and Jonas Prising, chairman and CEO of Manpower Group. This is the first time the group has targeted specific board members by name, saying they “lack relevant retail and gover
Kohl Says Activist Investors Proposals Threaten To Disrupt Its Business Momentum
WASHINGTON (dpa-AFX) - Kohl s Corp. (KSS) said that Activist Investors are focused on short-termism and financial engineering at the expense of sustainable operating and financial success. They also propose certain ideas that the Company already has well underway. The company rejected their attempt to disrupt the company s strong business momentum.
Earlier today, the Investor Group, which owns about 9.5% of Kohl soutstanding common stock, said that it filed revised preliminary proxy materials announcing its slate of five directors to run in opposition to five of the company s long tenured directors who the Investor Group believes do not have the relevant retail and governance skills to create shareholder value.