K Capital hits out at ‘Max

0

14 November 2005 – Boston (MA): In an open letter, OfficeMax’s largest shareholder, Boston-based K Capital, has expressed its dissatisfaction at the office supply company’s recent performance and the actions of its board.  
 
In the letter, addressed to board members at ‘Max, K Capital demanded a detailed turnaround plan and stipulated a number of actions that need to be taken to reverse the company’s "unacceptable" state of affairs.