Myers activist investors lay ground for annual meeting showdown
Australian department store chain Myer Holdings faced renewed criticism from its largest shareholder and activist investor Solomon Lew, who said drops in sales and earnings showed the board is a disgrace and needs replacing. But a new chief executive at the company has attracted a second activist investor, Wilson Asset Management, to take a stake in the retailer and support the new management as well as the incumbent board \u2013 placing the two investors at odds with one another.