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Snap Hires New Compliance Chief From Peloton

The head of compliance and risk at Peloton Interactive Inc. has left the company and joined Snapchat parent Snap. Read More...

Reuters

Hedge fund Ancora seeks ouster of Kohl’s CEO, chairman

(Reuters) -Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl’s Corp, is now pushing for the removal of the U.S. retailer’s chief executive and board chairman, according to a letter sent to the company on Thursday. The move marks the beginning of a new round of shareholder unrest for Kohl’s after the company explored a sale and decided in July to remain independent, leading to a plunge in its shares and disappointing investors who had pushed for a deal. Ancora, which holds a 2.5% stake in Kohl’s, asked for the replacement of CEO Michelle Gass and board chairman Peter Boneparth with business leaders who have operating expertise and experience in turning companies around.

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