Philly-based Urban Outfitters, which calls the Navy Yard home, has come under fire lately for having an all-male board. To solve that problem, CEO Richard Hayne has added one Margaret Hayne to the board. Margaret Hayne is Richard’s wife. And folks are not happy about that.
The state treasurer of Connecticut called Urban Outfitters’ proposal to add CEO Richard Hayne’s wife Margaret Hayne to its all-male board “cynical” and an “insult,” according to a statement by the New York and Connecticut state pension funds, the Catholic Sisters of Mercy, and the Calvert and Portico investment funds.
“Bogus,” added someone else. To add insult to injury, the Inquirer story that reported this called Urban a “women’s clothing chain.” Not into skinny jeans, eh? [Inquirer]