Three Dillard’s Inc. directors fired back at activist shareholders Thursday, denying claims that management is overpaid, and standing behind the company’s strategy.
Barington Capital Group and Clinton Group, which collectively control about 5.3 percent of the retailer’s common stock, last week called on three of the firm’s independent directors to oust chief executive officer William Dillard 2nd. The investors said compensation for members of the Dillard family working at the firm topped $130 million over the last decade as operations faltered.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)