A lawsuit filed Friday in New York on behalf of former CEO Mark Tritton, who was replaced last June by Sue Gove, says the company stopped making payments on the $6.7 million severance package in January.
In addition to seeking damages, the suit is also a full-throated defense of Tritton's tenure and legacy at the helm of the struggling housewares giant.
A representative for Bed Bath & Beyond told Insider the company does not comment on legal matters.
Tritton's legal filing contains a "surprising" level of detail about the business, GlobalData retail analyst Neil Saunders told Insider.
"It reads like a justification of Tritton's leadership. It's almost like he wants to defend his record and say, "Hey, I'm not to blame for all of this," Saunders said.
Burger chain McDonald's Corp is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday.
In an internal email last week to U.S. employees and some international staff, McDonald's asked them to work from home from Monday through Wednesday so it can deliver staffing decisions virtually, the report said. It is unclear how many employees will be laid off.
"During the week of April 3, we will communicate key decisions related to roles and staffing levels across the organization," the Chicago-based company said in the message viewed by the Journal.
This is C.I.'s "Iraq snapshot" for Tuesday:
The US assault on Iraq that began 20 years ago has left a toxic legacy worse than that of the Hiroshima bombing, according to a study that looked at cancer rates and infant mortality.
After the bombing in Japan, the rates of leukemia among those living closest to the detonation increased by a devastating 660%, about 12 to 13 years after the bomb (which is when radiation levels peaked). In Falluja, leukemia rates increased by 2,200% in a much shorter space of time, averaged just five to 10 years after the bombings. Anecdotally, doctors in Iraq began reporting a big increase in cancer rates as well as congenital anomalies (commonly referred to as “birth defects”) after the US began bombing the country. The research, led by Dr Christopher Busby while he was at the University of Ulster, showed that the doctors’ observations were backed up by data.
In addition to the huge increase in leukemia, Busby and his colleagues found a 1,260% increase in rates of childhood cancer in Falluja after the US bombing as well as a 740% increase in brain tumors. They also found evidence that Iraqis had been exposed to radiation, as infant mortality rates were 820% higher than in neighboring Kuwait.
What the Tatars did to Iraq in 1258, the Americans did again when they destroyed a sovereign country. Not even Iraqi artefacts were spared; they were stolen along with the country's wealth.
The US occupation fuelled hateful sectarianism which ignited sedition, making sectarianism the most prominent political headline for the regime that Paul Bremer, the US appointee and de facto head of Iraq after its occupation, put in place. He said explicitly in a TV interview that although the Shia in Iraq represent about 70 per cent of the population, Iraq was being governed by its Sunni minority and that it was time to fix this mistake and restore balance to the country.
This malicious man turned Iraq into an arena for terrorism and internal strife. He destroyed the state institutions, dismantled the army and security forces, dismissing officers and soldiers to be replaced by Shia militias that are loyal to Iran. They killed according to religious identity in a country that was a national model of one homeland and one people.
Bremer added Iraqi state officials to the terrorist lists, including ministers, senior army officers and scholars in order to liquidate them. It is painful to see Iraqi scholars being targeted for kidnapping and killing; many have had to migrate to save their lives. Despite this, some were not spared liquidation, even outside of Iraq.
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