A big investor says Sleep Number’s board can’t be trusted on this crucial matter

Date:

November 25, 2024

After a long slump for Sleep Number Corp.’s stock price and weaker demand for its smart mattresses, one big investor, Stadium Capital Management, went public with its frustrations with the company on Monday, calling for a shakeup of its board and changes to what it said was a “flawed” search process for a new CEO.

Source link

How investigators say a star fund manager illegally took $600 million from some clients and steered it to others

See David Beckham Go Shirtless for Workout With Wife Victoria Beckham

Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

A big investor says Sleep Number’s board can’t be trusted on this crucial matter

Recent posts

Israel’s attack on Iran spares oil, nuclear facilities and probably markets too

Trump’s invitation to Xi for inauguration could mean a ‘grace period’ before China faces tariffs

Weight-loss drugs may reduce opioid and alcohol abuse by up to 50%, study finds

These two crypto funds may be compelling ways to bet on a Trump election win

New investigation rips Amazon’s safety record. That’s not slowing the tech giant’s stock.

PepsiCo probably raised its prices too much, and now it’ll have to pay, analyst says

Treasury’s stable coupon, auction sizes at risk from U.S. election results

Hasbro and Mattel have most toy shipments locked in as port strike looms, analysts say

Biden officials tout grants to retool factories for EVs, including in swing states

Eli Lilly’s stock soars as Mounjaro, Zepbound sales lead to a big profit beat

Campbell’s is getting a new CEO. Analysts say he could face these ‘uncertainties’ as Trump takes office.

Newell’s stock soars after earnings again, as turnaround efforts take shape

IRS has made ‘limited progress’ figuring out audit rates for those making under $400,000, watchdog says

The 2024 presidential election is entering its most volatile period for the stock market

Southwest Airlines Chairman Kelly to retire after urging from activist Elliott

Related articles

Federal Reserve proposes more transparency in bank stress tests, but banks still sue

Oil prices stuck between geopolitical worries and expectations for surplus

Hyatt may add hotels in Mexico, Jamaica with potential Playa merger

Forget the stock-market tumble — the Fed made the right move in a wild week

Cocoa’s the best-performing commodity in 2024 — and even beat bitcoin. What’s next.

As the wealthy keep spending, here’s why the middle class is in for a tough 2025

How this Treasury-market dynamic could lead to the next big leg lower in stocks

As Teamsters go on strike, Amazon and its investors are trying to shrug it off

Company

Follow us