Morgans Hotel Group Co. investors elected seven of the nine board members proposed by the New York-based company and two nominated by stakeholder Kerrisdale Capital Management LLC, according to preliminary results.
Barnes & Noble Inc.’s shareholders voted to keep Chairman Leonard Riggio on the board of the company he founded, rejecting an attempt by Ron Burkle’s Yucaipa Cos. to shake up the largest U.S. bookstore chain.
Barnes & Noble Inc. urged investors to reject Ron Burkle ’s board nominees, accusing the billionaire and his proposed slate of participating in “some of the most spectacular technology and corporate failures in history.”
Morgans Hotel Group Co. board members faced threats by billionaire Ron Burkle to harm the hotel chain if they didn’t back his acquisition of several of Morgans’s businesses, a lawyer for one of the company’s directors said.
The alarm blaring in the New York headquarters of Amalgamated Bank, where the Democratic National Committee and Occupy Wall Street are clients, didn’t bother the two pinstriped executives sitting still with legs crossed.
Barnes & Noble Inc. officials were forced to adopt an anti-takeover measure quickly after billionaire investor Ron Burkle sought to acquire more of the largest U.S. bookseller’s shares, a company director testified.