"We have been searching for independent directors since we became a fully public company," asid Nancy Daigler, a spokesperson for Kraft (KFT).
Well, of course you have been. But, Nelso Peltz has held a gun to your head, so why explain it any other way. Kraft is bowing to pressure from activist investor Nelson Peltz, is nominating two independent members endorsed by Mr. Peltz to its board of directors," according to The Wall Street Journal.
As part of the deal, Peltz will vote for the board for the next two election cycles and promised not to increase his holdings in the company to over 9.9%.
Aside from all of that, the two new board members are completely independent.
Douglas A. McIntyre
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
