May
05
Morning Agenda: Pulte Founder Pitted Against the Board
ByPULTE FOUNDER PITTED AGAINST THE BOARD | William J. Pulte, the founder and largest shareholder of the Pulte Group, is locked in a battle with the management. And Mr. Pulte has hedged his own stock holdings in the company and borrowed heavily against them, raising questions about whether he is acting more in his own interests than the company’s,
Steven Davidoff Solomon writes in Deal Professor.
Mr. Pulte had demanded that Richard J. Dugas Jr., the chief executive, retire, criticizing the company’s poor stock performance and a relocation that he said he needlessly cost millions of dollars…
Morning Agenda: Pulte Founder Pitted Against the Board
