Children's Place, Inc. (the) · NASDAQ:PLCE
Children's Place, Inc. (the) — Childrens Place Retail Stores — Proxy Contest (July 2009)
9 slides from Children's Place, Inc. (the)'s proxy contest presentation, Jul 13, 2009
Slide 1: Ezra Dabah Isn't Telling You the Full Story
EZRA DABAH ISN’T TELLING YOU THE FULL STORY — DON’T GIVE HIM CONTROL OF YIUR COMPANY! — Mr. Dabah already has two seats on the nine-member Board (himself and his father-in-law, Stanley Silverstein) and has now nominated three additional directors. The election of Mr. Dabah’s three hand-picked nomine
Slide 2: Ezra Dabah Isn't Telling You the Full Story
EZRA DABAH ISN’T TELLING YOU THE FULL STORY — DON’T GIVE HIM CONTROL OF YIUR COMPANY! — Mr. Dabah already has two seats on the nine-member Board (himself and his father-in-law, Stanley Silverstein) and has now nominated three additional directors. The election of Mr. Dabah’s three hand-picked nomine
Slide 3: Setting the Record Straight: Inaccuracies in Ezra Dabah's Investor Presentation
Setting the Record Straight: Clearing up the Numerous Inaccuracies in Ezra Dabah’s Investor Presentation July 2009
Slide 4: Mr. Dabah Claims vs. The Truth: Stock price and prior relationship
Setting the record straight Mr. Dabah Claims: PLCE stock price has gone from $25.80 to $24.86 since Chuck Crovitz was named interim CEO, a decline of 4%. (Dabah, slide 5) The Truth: PLCE’s stock price closed at $23.99 on the day before Mr. Crovitz was named interim CEO and the Company was in a preca
Slide 5: Financial Performance (with Disney) 1997 vs. 2006 and 2007
Financial Performance (with Disney) 1997 vs. 2006 and 2007 30% CAGR 27% CAGR 27% CAGR CAGR: N/A 29% CAGR CAGR: N/A Mr. Dabah Claims: PLCE demonstrated significant growth during his tenure. (Dabah, slide 16) The Truth: Mr. Dabah fails to include fiscal 2007 in his computations which significantly dis
Slide 6: Comparable store sales reporting and cash repatriation
Setting the record straight, continued Mr. Dabah Claims: The Company’s revised comparable store sales reporting methodology masks recent top-line trends. (Dabah, slide 18) The Truth: The Company’s reporting methodology actually follows the industry norm. PLCE has in fact enhanced it’s transparency b
Slide 7: Mr. Crovitz's compensation compared to select retail interim CEOs
Setting the record straight, continued Mr. Dabah Claims: Mr. Crovitz’s compensation is excessive as compared to select retail interim CEOs. (He lists Sears Holding Corp., Charming Shoppes, Inc., Charlotte Russe Holding, Inc., Eddie Bauer Holdings, Inc., and The Gap, Inc.) (Dabah, slide 28) The Truth
Slide 8: Raphael Benaroya as permanent CEO of The Children's Place
Setting the record straight, continued Mr. Dabah Claims: Raphael Benaroya is well-suited to become permanent CEO of The Children’s Place. (Dabah, slide 32) The Truth: Mr. Benaroya, Chairman, President and CEO of United Retail Group from 1989-2007, sold his company at an approx. 10% per share discoun
Slide 9: Mr. Dabah's claims about the investigation and nominee Ross Glickman
Setting the record straight, continued Mr. Dabah Claims: He had no knowledge of and did not participate in any of the conduct that was investigated. (Dabah, slide 42) The Truth: Mr. Dabah was investigated on numerous fronts, including securities trading violations, stock options backdating and other
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