Description: (Reuters) – Campbell Soup Co’s board is drawing up a list of CEO candidates, with Chief Operating Officer Luca Mignini emerging as the top internal contender, as the company seeks to fend off a proxy challenge from Daniel Loeb’s hedge fund, Third Point LLC, people familiar with the matter said.
Source: Yahoo.com – Reuters
Date: Sep 10, 2018
Questions for discussion:
- What does this report say about the selection process taking place at Campbell Soup?
- What are the competing directives within the organization seeking to control the management?
- Do you think the firm will be directed towards a merger or acquisition?