Investor JAT Capital sends scathing letter to new Bed Bath & Beyond board over CEO ouster, vacancy
Publishing timestamp: 2023-11-17 22:34:04
Summary
The article discusses how investment firm JAT Capital has sent a scathing letter to the board of Bed Bath & Beyond, accusing them of poor behavior, refusing to answer shareholder questions, and engaging in misdeeds. JAT Capital has called for the board to be more transparent and has questioned the removal of former CEO Jonathan Johnson's board seat. The firm also accuses the board of being suspicious of Marcus Lemonis, who joined the board last month, and calls for him to take over management of the company. JAT Capital is demanding answers from the board and more transparency from the company.
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Keywords: business, breaking news: business, retail industry, overstock.com inc, business news, marcus lemonis,
Source: https://www.cnbc.com/2023/11/17/jat-capital-sends-scathing-letter-to-new-bed-bath-beyond-board.html