Bed Bath & Beyond is a fire for messy shops, "excessive compensation" by executives and a lot of garbage bins.
A group of activist investors – Legion Partners, Macellum Capital Management and Ancora Advisors – recently released a brutal presentation slamming Bed Bath & Beyond leadership.
The 168-slide presentation captures everything from executive compensation to clutter in stores. Slide after slide describes various parts of the company as activist investors say is "broken".
Bed Bath & Beyond said that it is already taking action on many of the issues highlighted by activist investors.
Read more: An activist investor group slambed Bed Bath & Beyond to sell "garbage bins galore"
"At our first review, it seems that most of the operational areas are targeted for improvement. Includes actions the company already takes as part of its transformation plan, which is already underway, or has been substantially completed, the company said in a statement on Friday.
"Other target areas identified include actions that have been and continue to be considered of Bed Bath & Beyond. The company will provide a more detailed response at that time. "
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