HOG - An Activist Investor Challenging Harley-Davidson Nominates an Ex-NASCAR Executive to Its Board
Impala Asset Management, the activist investor challenging Harley-Davidson (NYSE: HOG) for the right to have two candidates on the board of directors, has named its nominees. It also says it was the force behind the ouster of former CEO Matt Levatich, who the private equity firm contends was fired and did not resign.
Regardless of whether Levatich was pushed or jumped (companies often allow executives to save face on the way out the door), the real issue for Harley investors is whether the candidates Impala offers are the right ones for the job.
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