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A group of activist investors who sought to take control of the 12-person board of directors at
Kohl’s Corporation (NYSE: KSS) have changed their plans by presenting five nominees instead of a previously announced slate of nine.
The company denounced their plans, claiming the candidates lacked the experience needed to serve as directors.
What Happened: The activist investors group includes Macellum Advisors GP LLC, Ancora Holdings Inc., Legion Partners Asset Management LLC and 4010 Capital LLC, which control a combined 9.5% stake in the retailer. The group blamed Kohl’s leadership for creating what they viewed as a dismal retail strategy that resulted in evaporating profits and flaccid stock performance.
WASHINGTON (dpa-AFX) - An Investor Group, which owns about 9.5% of Kohl's corp. (KSS) outstanding common stock, said that it has filed revised preliminary proxy materials announcing its slate
We need $15 : US minimum wage ruling a personal blow for millions of workers msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Cynthia Murray.
I m a 64-year-old Walmart employee who just testified to the Senate Budget Committee.
Walmart pays its hourly workforce a poverty wage that doesn t cover basic needs, while the company has profited over $50 billion since the pandemic began.
American workers need a $15 minimum wage today we cannot wait for corporations to do the right thing, because they won t.
Cynthia Murray is a Walmart associate from Hyattsville, MD.
This is an opinion column. The thoughts expressed are those of the author.