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Rhetoric gets heated ahead of Green Dot annual meeting

May 09, 2016 11:36 AM ETGreen Dot Corporation (GDOT) StockBy: Clark Schultz, SA News Editor2 Comments
  • Harvest Capital Strategies is nipping at Green Dot (NYSE:GDOT -0.2%) management once again with a new letter out to shareholders.
  • The battle between the activist investment firm and the board has turned even nastier ahead of Green Dot's annual meeting later this month during which new director candidates will be elected.
  • Harvest's latest: "We have a high level of confidence that shareholders will see through the Board's last ditch effort to combat widespread support for Harvest's campaign and further entrench the destructive status quo."
  • Shares of Green Dot are up 53% over the last 52 weeks, but trade at less than half of their multi-year high.

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