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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"