By  on February 21, 2008

The Liz Claiborne Inc. board is standing by its man.

Despite disappointing earnings and a lagging stock price, Liz Claiborne's board members remain behind chief executive officer William L. McComb and his strategy. Board members firmly dismissed growing speculation that they are questioning McComb's performance, and instead attributed the anticipated missed earnings not to problems with the company's strategy, execution or leadership, but rather to inherited problems, changes in the wholesale marketplace and macroeconomic issues.

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