“The board has failed to help develop and oversee a strategic plan to respond to a rapidly-changing retail landscape,” the investors said.
The market values of both companies have declined since the coronavirus pandemic intensified.
Third Point's Daniel Loeb believes internal company documents could boost his bid to replace Campbell's entire board.
Jeff Jacobson is resigning to settle a legal battle between Xerox and hedge-fund billionaire Carl Icahn over its proposed merger with Fujifilm.
The activist investor is planning to name a minority slate to the ADP board as he seeks "transformational change" at the company.
The furniture and equipment leasor rejected Vintage Capital's $800 million offer, calling it “inadequate and opportunistic.”
Longtime CEO Sally Smith will retire and activist Marcato Capital will get three seats on the restaurant chain's board.
The ailing internet company's board adds some financial muscle with the appointment of two new directors.
Election of all 12 of DuPont's director nominees is a blow to activist investor Nelson Peltz and his hedge fund.
A new report on the 2014 proxy season show a rise in the number of executive compensation plans that failed to receive majority shareholder support.
