Business Management

Barington Capital Want to Inspect Dillard”s Records About Perks, Business Relationships.
NEW YORK (AP) - A hedge fund attempting to gain four seats on the board of Dillard”s Inc. has asked to inspect the department store chain”s records related to executive perquisites and business relationships, according to a regulatory filing on Tuesday.

Barington Capital Group LP, led by James Mitarotonda, and its affiliate, Clinton Group Inc., has blamed Chairman, President and Chief Executive William Dillard II for Dillard”s declining stock price.

The hedge fund asked for the records related to executives” perquisites or non-cash compensation, use of company aircraft and business expenses. Barington also asked to inspect records regarding contractors and construction developers, family and business relationships and the company”s retirement trust.

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