Paul Marciano hangs on to Guess director seat as board examines latest sexual harassment allegations
Retail Dive: Anat Alon-Beck, assistant professor of law, commented on the case of the co-founder of Guess, who survived a challenge to his membership on the company’s board of directors. “When there is a strong protection from director removal, that is usually associated with, and indeed even partly responsible for, an economically significant reduction in a firm’s value,” she said.