Doug Bergeron Comments on Latest Self-Serving Tactics by Ethan Allen Board
Activist investor Doug Bergeron, who owns 5.0% of Ethan Allen, criticized the company's new $3.00 per share special dividend as a desperate maneuver to distract shareholders from governance failures ahead of a contested election. Bergeron highlighted a 20-year track record of declining revenue and enterprise value, arguing the dividend reflects poor capital allocation rather than disciplined strategy.
Key figures
- Dividend Amount
- 3
- Ceo tenure years
- 38
- Capex five year usd
- 59000000
- Marketing spend increase pct
- 13
AI analysis
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