Activist investors blast kohl’s management in scathing letter

Kohl’s is starting its week with activist investors knocking on its door. On Monday, Kohl’s and CEO Michelle Gass — who joined as chief customer officer in 2013 and assumed the CEO role in May 2018 — were blasted by a group of activist investors for “poor retail execution,” “excessive executive compensation,” a “long-tenured Board with insufficient retail experience,” and a “systemic inability to achieve stated goals.” The activist group includes Macellum Advisors, Ancora Holdings, Legion Partners Asset Management, and 4010 Capital. They now control a combined 9.5% stake in Kohl’s, according to a new letter published Monday. Read more at Yahoo Finance.

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