Investing
Talbots Takes 24/7 Wall St. Advice, Sacks CEO
Published:
Last Updated:
Last week, 24/7 Wall St. made the case that The Talbots (NYSE: TLB) fire its CEO Trudy F. Sullivan. Today, the company pushed her out and said it would start a CEO search.
The Talbots announced that
Ms. Sullivan, who intends to retire once a successor has been identified, has agreed to continue to serve as President, Chief Executive Officer and a member of the Board of Directors of Talbots in the interim to ensure a smooth transition
The Talbots has been a perpetual money loser and same-store sales have fallen throughout most of the last two years. The firm’s share price is off 80% since Sullivan joined.
Sullivan has been in her jobs for four years — and four holiday seasons. There is powerful proof that she has done nothing to improve the company’s prospects. As a matter of fact, they are getting worse.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
