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Tamaris's Rise to CEO
- Steve Tamaris, initially a real estate lawyer, became Bed Bath & Beyond's CEO in 2003.
- He was chosen to lead the company's large expansion.
Overpaid CEO
- Despite only four years of positive shareholder return in 15 years, Steve Tamaris remained the highest-paid CEO among peers.
- This included retailers like Macy's, Office Depot, Nordstrom, and Dollar General.
Investor Revolt
- Investors, frustrated with Tamaris's performance and high pay, teamed up to remove him.
- This marked the first of two CEO oustings within four years.