By  on April 8, 2008

Activist investors trying to boost Charming Shoppes Inc.'s bottom line ratcheted up the rhetoric Monday in an open letter to stockholders.

"While shareholders have suffered because of management's missteps, this current board has awarded the top-five listed senior executives approximately $53.2 million in compensation over the last four fiscal years," said the letter from the Charming Shoppes Full Value Committee, a group of investors led by hedge funds Crescendo Partners and Myca Partners.

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