Summary
U.S.-based retail soup producer Campbell Soup Company has been caught in a contentious struggle to revitalize its business, while shaking up its board and C-level management.
Although Campbell’s earnings have improved from the same year-ago quarter, the firm seems to have a long way to go before it can convince its shareholders of consistently positive performance.
Shares of the iconic soup-maker fell Monday, following reports it was nearing an agreement with Third Point Management founder Daniel Loeb concerning the composition of its board.
Meanwhile, from a consumer standpoint, it appears cans of Campbell’s Condensed Soup brand haven’t stacked up as well as some of its peers’ products, notably General Mills’ Progresso.
U.S.-based retail soup producer Campbell Soup Company (NYSE:CPB) has been caught in a contentious struggle to revitalize its business while shaking up its board and C-level management structure.
Shares of the iconic soup-maker were down almost 3.5% intraday Monday, following reports the company was nearing an agreement with hedge fund manager, and Third Point Management founder, Daniel Loeb about the composition of its board and C-level management.
