'change The Board': Hedge-fund Billionaire Dan Loeb Lays Out His Plan To Turn Around Campbell Soup (cpb) | Markets Insider
Third Point Management, the hedge fund owned by the billionaire Dan Loeb, on Thursday laid out its plan to turn around Campbell Soup. The soup maker has suffered through years of declining soup sales. Third Point says the company's entire board should be replaced. Campbell Soup is rallying Thursday, up almost 2%, after Third Point, the hedge fund owned by the billionaire Dan Loeb, called on shareholders to replace the company's board of directors.