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.”
Exclusive: Abercrombie Execs Troubled By Involvement Of CEO's Partner
Matthew Smith, the life partner of Abercrombie & Fitch CEO Michael Jeffries, wields as much power and influence as any executive at the publicly traded company. Only problem is, he isn't employed by and holds no official role at A&F, which has raised corporate governance concerns among company executives.
Abercrombie & Fitch Ads Reimagined As "Attractive & Fat"
Abercrombie & Fitch's CEO Mike Jeffries has been under fire for his comments about the brand only being for "cool, good-looking people," and for not selling plus sizes. Blogger The Militant Baker saw an opportunity to show what Jeffries won't.