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Kohl’s Board Battle: Why Financier Linked to 2 Fashion Bankruptcies Is Fighting for Seat at the Table

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Activist investor Macellum Advisors hurled a last-ditch attack at Kohl’s and its board Monday just two days before shareholders will cast their ballots to elect the retailer’s next director slate. The three-pronged blitzkrieg comes after proxy advisory firm Glass Lewis sided with Kohl’s board nominees, while advisory rival ISS issued a split decision giving points…

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