Guess Co-Founder Brothers Survive Investor Attempt to Oust Them
- Legion Partners opposed Marcianos over allegations against one
- ISS and Glass Lewis had also recommended brothers’ removal
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The co-founder brothers of Guess? Inc. survived an attempt by shareholders to oust them over corporate-governance concerns and previously reported sexual misconduct allegations against one of them.
In a statement, Guess said that shareholders had voted to re-elect Maurice Marciano, Paul Marciano and two other directors, based on preliminary vote results from the annual shareholder meeting.