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    1. Ethan Allen Proxy War Comes to a Vote Tuesday

      Ethan Allen Proxy War Comes to a Vote Tuesday

      In the months leading up to the meeting, Sandell, led by CEO Thomas Sandell, claimed the existing board is reactive, has little industry experience and isn’t prepared to move the company into a future retail environment that includes a heavier emphasis on Internet sales and a return to $1 billion in sales. Farooq Kathwari, Ethan Allen’s CEO who owns an 11 percent stake in the company, says an ...

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    2. Ethan Allen Goes on the Defense with Shareholder Letter

      Ethan Allen Goes on the Defense with Shareholder Letter

      Embattled furniture retailer Ethan Allen has gone into defensive mode, urging investors to vote for the Danbury-based company’s endorsed slate of board members at an annual stockholders meeting at the end of the month. ETH has been the target of a proxy war initiated by activist investor Sandell Asset Management, a Manhattan-based hedge fund, which has proposed six candidates for the eight ...

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    3. Activist Investor Becomes GE’s Largest

      Activist Investor Becomes GE’s Largest

      New York City-based Trian Fund Management disclosed it now owns 98.5 million shares of General Electric NYSE: GE CEO Jeff Immelt also chairs the company’s board of directors, with GE’s lead director John Brennan the former CEO and a senior adviser of Vanguard Group, which as of April had been the second largest shareholder of GE after BlackRock...

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    4. Ethan Allen Execs Fight Back

      Ethan Allen Execs Fight Back

      DANBURY — Ethan Allen executives took issue Friday with recent comments by an activist investor waging a proxy war against the furniture maker who called into question recent actions by the company’s chief executive officer. Corey Whitley, the company’s chief financial officer, said in a statement released Friday that Kathwari actually purchased 300,000 shares in a cashless stock transaction and ...

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    5. Hedge Fund Wages War on Danbury Based Ethan Allen Interiors

      Hedge Fund Wages War on Danbury Based Ethan Allen Interiors

      Sandell Asset Management Firm, a hedge fund with more than $1 billion in assets, alleged in a letter sent to Ethan Allen Chief Executive Officer Farooq Kathwari that the company has not only been mismanaged, but that the upcoming annual meeting was pushed forward by more than a month to avoid Sandell’s efforts to nominate its own board of director candidates. Sandell, which has a 5.5 percent ...

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    6. Bush's Busy Role on Corporate Boards Could Become 2016 Issue

      Bush's Busy Role on Corporate Boards Could Become 2016 Issue

      WASHINGTON (AP) — During his transition from Florida governor to likely presidential candidate, Jeb Bush served on the boards or as an adviser to at least 15 companies and nonprofits, a dizzying array of corporate connections that earned him millions of dollars and occasional headaches. Bush returned to corporate America after leaving the governor's mansion in early 2007, and his industry portfolio expanded steadily until he began shedding ties late last year to prepare a run for president...

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    1-10 of 10
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