Gildan board defends CEO’s termination in shareholder letter

The Gildan Activewear Inc. chief executive shakeup escalated Tuesday with the board of directors defending and explaining their termination of Glenn Chamandy, while a top-five shareholder warned it may call for a special meeting to address the board’s governance. Wednesday produced the latest round of in-fighting among several large Gildan shareholders over how Chamandy was…

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