Starboard Gets Impatient With Macy’s After Investing ‘Too Early’
- Activist hedge fund CEO Jeff Smith speaks on Bloomberg TV
- Starboard first disclosed activist Macy’s stake in July 2015
Starboard CEO on Macy's: We Invested Too Early
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Macy’s Inc. activist holder Starboard Value LP invested in the retailer “too early” and may grow impatient for bolder changes at the company, where it still sees value to be unlocked, Chief Executive Officer Jeff Smith said Thursday.
Macy’s is still largely “exploring the things we want them to do,” including looking at options for its real estate, Smith said in a Bloomberg TV interview.