- Bed Bath & Beyond Inc’s long-time Chief Executive Officer Steven Temares came under pressure on Tuesday after activist investors called for his ouster and the replacement of the entire board, sending the company’s shares up as much as 30 percent.
The Wall Street Journal reported on Monday that a possible sale could include brands such as Buy Buy Baby and Cost Plus World Market. “Irrespective of the elevated capital investment of the past several years , management has been slow to invest in its stores ... This will likely add credibility to any activist style campaign,” Raymond James analyst Bobby Griffin said.
The horror movie ad that ran before this that cut to the main report without a title card, showing - Bed, Bath, & Beyond —was the funniest thing I’ve seen in a month.
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