Abercrombie Investor Wages Public Fight To Replace Five Directors
"This public nomination follows the failure of weeks of private outreach to the board to arrive at a negotiated settlement," Engaged Capital said in a statement Thursday. Update: Abercrombie says it “will review Engaged Capital’s director nominations as part of its normal process and will present its recommendation with respect to the election of directors in its proxy statement.”
NYC Comptroller Criticizes U.S. Retailers' Bangladesh Safety Plan
John Liu, who oversees $140 billion in the New York City Pension Funds, is "disappointed" in U.S. retailers' plan to improve factory safety in Bangladesh. He says that instead of their own plan they should have joined the legally-binding Accord on Fire and Building Safety in Bangladesh.