1. Activist Investor Pushes for Removal of Kohl's Corp. Chairman, CEO

    Activist Investor Pushes for Removal of Kohl's Corp. Chairman, CEO

    NEW YORK — Activist investor Ancora Holdings Group is pushing for the removal of both the chairman and the chief executive officer at Kohl's Corp. for what it calls a botched strategy and dramatic sales declines. Ancora, which owns 2.5% of outstanding shares in the department store chain, has pressured the company over the past 18 months to turn things around and has been able to get three of its directors installed on the company board...

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    1. Ultimately, Kohl's needs leadership that can design and implement a precise turnaround strategy to ensure the company averts peril and starts producing enhanced value for shareholders over the long term.
    2. We remain committed to maximizing value and acting in the interests of all our shareholders by staying focused on running the business, and the board continues to actively engage with management to navigate the current retail environment.
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