Investing Power Hour #60: $NVDA AI Bubble; $BBBY Post Mortem; Icahn vs. Ackman
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The Immorality of the Executive Team at Bed Bath and Beyond
The executive team is not doing anything illegal, and they're trying to get the best outcome for their bondholders. Ryan Cohen may have been very disingenuous by saying he was going to save this company. It's easy from the outside to say like, these, what they did was unethical. But if you're in their seats and you're given the CEO job of Bed Bath and Beyond and you have bondholders, it is your fiduciary obligation to unload this crap.
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