Bellamy's – Blood In The Boardroom As CEO Killing Season Opens

Events in financial markets tend to have a certain choreographed rhythm to them – not as pretty as Golden Globe winner La La Land, to be sure, but fairly well-established nonetheless – so it was a surprise to see shareholder activism working in reverse in Australia this week.

Bellamy’s

Bellamy’s Australia – a manufacturer of baby food formulas with a market cap a little over U.S. $300 million – fired its CEO, Laura McBain on Wednesday, marking what the Australian Financial Review called “Blood in the boardroom as CEO killing season opens.” McBain’s dismissal followed the failure of a shift in strategy from indirect to direct retail in China,...