TITLE

Harbinger Capital Calls for New Ryerson Board

PUB. DATE
January 2007
SOURCE
Metal Center News;Jan2007, Vol. 47 Issue 1, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the nomination of seven independent directors for the Ryerson Board by Harbinger Capital Partners, a minority stake holder of Ryerson Inc., a steel distributor in North America. Several reasons for the nomination included the lack of focus of board members on profitability and management of inventories, failure in the enhancement of shareholder value and their lack of experience in the industry. The company needs a change in its board level due to its underperformance.
ACCESSION #
23840649

 

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