Bed Bath & Beyond Requests tZERO Board Replace its CEO

Bed Bath & Beyond sent a letter to tZERO’s board, as the company’s largest equity holder, requesting it replace its CEO so the company can “move forward with urgency.”

• “The time has come for real change. Hundreds of millions of dollars have been invested in this asset, and we can no longer stand by while performance continues at its current level,” Bed Bath & Beyond’s executive chairman Marcus Lemonis said in the letter
• Bed Bath & Beyond asked tZERO’s board to convene within 48 hours to convene and make a decision on the matter

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