Taubman Centers, Inc. TCO
Taubman's sudden reversal on Board size is reactive and disingenuous; any new director must be vetted by shareholders and be truly independent of the Taubman family.
The three reasons
- 1
Taubman reversed Board-size decision only after public criticism from L&B
- 2
September 30th Board reduction violated the Company's Charter
- 3
Unilateral Board appointment would further entrench an already conflicted Board
Primary demands
- Engage with independent shareholders before appointing any new director
- Appoint a truly independent director with no ties to the Taubman family
- Select a director with genuine real estate operational and industry expertise
- Select a director with a track record of driving board-level governance reform
Pattern membership
Where this document fits across the library's 12 rhetorical / structural patterns.
Notable slides (1)
Notes
Two-page press release containing an open letter from Jonathan Litt commenting on Taubman's 8-K reversing a Board-size reduction. Part of the broader SaveTaubman.com campaign; references a prior Oct 24, 2016 L&B letter and an earlier presentation. Quotes Taubman's 8-K ('The Company expects to replace that director, as it has done in the past') to accuse management of disingenuousness — hence uses_ceo_quote_contradiction=true. No stake, no valuation, no SCQA thesis — this is a tactical governance jab, not a standalone thesis deck.