Topics

Skechers USA Incorporated
Skechers investors urged by activist shareholder firm to remake board
Skechers investors urged by activist shareholder firm to remake board

CtW Investment Group, which works with union pension funds investing with Skechers, is pushing other shareholders of the Manhattan Beach footwear brand to clean house. In a letter obtained this week by The Times, CtW Executive Director Dieter Waizenegger urges Skechers investors to oppose reelection of directors Richard Siskind and Richard Rappaport, two of the three directors up for renewal at Skechers' annual meeting on May 22. The duo, according to CtW, are a symbol of “a deeply troubling recruitment process that jeopardizes credible independence.” The letter accuses Skechers of populating its board with directors saddled with conflicts of interest and run-ins...

Loading