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loanDepot in proxy fight over addition to board
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Corporate Governance, Nonbank Financial
Friday, February 10, 2023
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loanDepot founder Anthony Hsieh resigned as executive chairman amidst a proxy fight over a bid to add the CEO of Williston Financial Group to the company’s board of directors. Hsieh announced he intends to use the voting power of his majority stake in the company to force the addition to the board.
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