Bed Bath & Beyond shakes up board amid investor pressure, co-founders step down

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Bed Bath & Beyond shakes up board amid investor pressure, co-founders step down
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Bed Bath & Beyond Inc said it appointed five new independent members to its boar...

- Bed Bath & Beyond Inc said it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors.

In its latest results, the retailer forecast dismal first-quarter profits that raised doubts on the efficacy of its turnaround plan. The company has also formed a committee to review all aspects of its business transformation, strategy and structure.

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