Fallout From Bed Bath & Beyond Dropping CEO Mark Tritton
Bed Bath & Beyond announced it will be replacing CEO Mark Tritton in a C-suite shakeup. Burt Flickinger, the managing director at Strategic Resource Group, joined Cheddar to discuss what that means for the retail chain. "It's an attractive takeover target … at a dollar or $2 a share," he said, noting that a new CEO has to move quickly to sell off and monetize underperforming assets for a turnaround to occur.
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