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Top related persons:
Johnson - 3 Jonathan - 3 Marcus Lemonis - 3 Allison Abraham - 3 John Thaler - 2 JAT - 2 Jonathan Johnson - 2 David Nielsen - 2
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Search resuls for: "Allison Abraham"


3 mentions found


☆ Investor JAT Capital sends scathing letter to new Bed Bath & Beyond board over CEO ouster, vacancy
  + stars: | 2023-11-17 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +4 min
Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions from shareholders and is engaging in what the investment firm called unprecedented "poor behavior." Earlier this month, JAT called on Beyond to fire Johnson. In its letter, dated Friday, JAT questioned why Johnson's board seat was removed after his ouster and said it was an attempt to weaken "shareholders ability to have a say." JAT called on Beyond's board to answer its questions, once and for all, and for everyone from vendors to sell-side analysts to demand more transparency. The actions cited below which the Board has taken in the last 60 days appear to be to the detriment of the company and shareholders," the letter states.
Persons: Jonathan Johnson's, JAT's, John Thaler, JAT, Johnson, Jonathan, Marcus Lemonis, Marcus Lemonis wasn't, Allison Abraham, Marcus, Dave Nielsen Organizations: JAT Capital, Inc, JAT Locations: Bath, CNBC's
☆ The new Bed Bath & Beyond's CEO is out, days after activist firm called for his ouster
  + stars: | 2023-11-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +2 min
The new Bed Bath & Beyond announced Monday its CEO, Jonathan Johnson, is immediately stepping down from his position just days after activist hedge fund JAT Capital called for his ouster. He led the company through its acquisition of Bed Bath & Beyond earlier this year and its corporate name change to Beyond Inc. , which took effect Monday. David Nielsen, Beyond's president and a former Payless ShoeSource executive, has taken over as interim CEO while the board undergoes a search for a permanent candidate. Beyond said Johnson's departure "follows mutual agreement" between him and the board to transition the company to new leadership, but the move came on suddenly. The company and Johnson didn't immediately return a request for comment seeking additional information.
Persons: Jonathan Johnson, Johnson, JAT, Marcus Lemonis, David Nielsen, Jonathan, Allison Abraham, Beyond's, Johnson didn't, Patrick Byrne Organizations: Bed, Inc, CNBC PRO Locations: JAT, CNBC's, New York, Russian
☆ Bed Bath & Beyond just removed the CEO who led its transition from Overstock.com
  + stars: | 2023-11-06 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
Bed Bath & Beyond CEO Jonathan Johnson is stepping down from his role, the company said Monday. AdvertisementAdvertisementBed Bath & Beyond, formerly known as Overstock.com, has a new CEO as well as a new name. Johnson led the company's name change and has said that he looked at Bed Bath & Beyond's name "jealously for several years." Overstock said in June that it would change its name after acquiring the rights to Bed Bath & Beyond's name, trademarks, websites, mobile apps, and other elements of branding. Bed Bath & Beyond formerly was a chain of stores that sold home goods around the US.
Persons: Jonathan Johnson, Johnson, —, David Nielsen, Jonathan, Allison Abraham, John Thaler, Thaler, Marcus Lemonis, Overstock Organizations: Service, CNBC, Inc, Board, JAT, Reuters, Camping Locations: New York
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