Bed Bath & Beyond Inc. named four new independent directors to its board and reached a settlement with the three activist investors who had been pressuring the company to make leadership changes. Bed Bath & Beyond, which not long ago reported its first loss and decrease in sales for a fiscal year as a publicly traded company, was being pressured by three activist investors who thought the company hadn’t adapted to new consumer behavior. The investors had aimed to revamp the company’s board.

Source: Wall Street Journal May 29, 2019 10:50 UTC