Greenway Partners, soundly thumped in its bid to get its dissident slate elected to the board of Venator Group, Inc., can now only sit on the sidelines and watch as the company tries to pull itself out of an earnings slump. “We’re not going anywhere,” said Alfred Kingsley, Greenway’s senior managing partner. He stressed that his group, which owns 14.8% of the $1.5 billion market cap athletic shoe and apparel company, does not want Venator to sell itself (see M&AR, 4/19/99).
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