June 18th, 2008
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New York Post- New York hedge fund Ramius took a bite out of CKE Restaurants Inc. - the owner of burger joints Hardee’s and Carl’s Jr. - with a scathing letter sent to CEO Andrew Puzder.
Blasting him for the company’s "suboptimal performance," Ramius vowed to vote against Puzder and three other directors at the company’s annual meeting tomorrow because "shareholders deserve better."
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Ramius is asking Puzder to outline his plans for improving the stock price, which is down 47 percent in the last year, closing at $11.98 yesterday.
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