Activist Third Point Reveals 6% Bath & Body Stake, Targets Executive Pay, Board Shakeup

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Dan Loeb says management pay is “untethered to important performance metrics” On Thursday, the Fintel platform reported that Dan Leob’sThird Point LLC filed a 13D form with the SEC disclosing ownership of 13.8 million Bath & Body Works, Inc. (NYSE:BBWI) shares, or 6.02% of the company. The fund pushed the company to refresh its board and reduce management compensation in favor of shareholder returns. Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If …

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