Activist Investor Pushes Abercrombie To Drop CEO Mike Jeffries - Business Insider -BoardProspects

Activist Investor Pushes Abercrombie To Drop CEO Mike Jeffries

Business Insider Dec 3 2013 BoardNews

An Abercrombie & Fitch Co. shareholder is urging the retailer's board of directors to replace Chief Executive Mike Jeffries when his contract expires in February or consider a sale of the struggling company. Engaged shareholder Capital LLC fired off a letter to the board on Tuesday saying the company's "perennial underperformance is a result of a failure of leadership...
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