Dominoes Pizza
- Thread starter vanzandt
- Start date
I think if DPZ breaks thru 255 it may have some upside. Nice bounce off of support and some good volume yesterday and gaining momentum.
California Hedge Fund Seizes Control of Domino’s Board Overhaul(Telegraph.co.uk)
A Los Angeles hedge fund has wrestled control of Domino’s Pizza’s boardroom overhaul as the takeaway firms fights to end a long-running row with its franchisees. Activist investor Browning West was handed a seat on the board and will lead the search for the company’s top two jobs of chairman and chief executive. In a move that could delay a resolution to the crippling row with franchisees, chief executive David Wild is to stay on longer than previously thought. Domino’s has bowed to shareholder pressure and agreed to find a new chairman before he leaves, who can then pick Mr Wild’s successor.
A Los Angeles hedge fund has wrestled control of Domino’s Pizza’s boardroom overhaul as the takeaway firms fights to end a long-running row with its franchisees. Activist investor Browning West was handed a seat on the board and will lead the search for the company’s top two jobs of chairman and chief executive. In a move that could delay a resolution to the crippling row with franchisees, chief executive David Wild is to stay on longer than previously thought. Domino’s has bowed to shareholder pressure and agreed to find a new chairman before he leaves, who can then pick Mr Wild’s successor.
