Starboard sues Office Depot for not holding annual meeting
Top Office Depot Inc investor Starboard Value LP sued the second-largest U.S. office supply retailer on Thursday for not holding an annual shareholder meeting to elect directors, an unusual step on the eve of a merger.
Join the discussion below, or Read more at Reuters.
#1 Jun 17, 2013
I would like to know what will happen to long time employees of these two companies once they do merge? Some of them have 15 years or more with these companies, are they just out in the cold? Shouldn't this be considered by the FTC before this merger is granted?
#3 Sep 23, 2013
I'm sorry to hear that they are making these cuts! Did they say anything to you before hand? With the proposed changes (going toward services as opposed to supplies) I think we are all in for either layoffs or newly assigned title positions with less pay come November when this merger takes place. What do you think?
Since: Jun 08
#4 Oct 23, 2013
I know for a fact that full-time hourly associates at my store got pay cuts earlier this year. Some of them got cut as much as 2 dollars an hour. I told the long time associates they should be worried because if there is going to be a time to lay people off, it will be after a merger. There is a reason the companies are merging and it's not because they are both doing great. Good thing I got out when I had a chance to.
#5 Oct 23, 2013
more pay cuts coming so if you missed the first you will get one now
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