Did Kohl's Investors Miss Their Big Opportunity?
Two Kohl's (NYSE: KSS) executives jumped ship just prior to the retailer release of another poor financial report that widely missed Wall Street earnings expectations. Coming as it did just after Kohl's beat back an attempt by activist investors who wanted seats on the board to help initiate a turnaround, it's fair to ask if the retailer won the battle but lost the war.
Did shareholders miss out on their chance to get a fresh person on the board who could have righted the sinking ship?
Image source: Kohl's.
Source Fool.com
