Bed Bath & Beyond criticized by activist investors

Activist investors released a presentation in late April slamming Bed Bath & Beyond for everything from messy stores to CEO pay.Slide after slide of the presentation described different parts of the company that activist investors believed to be “broken.”Investors also slammed Bed Bath & Beyond CEO Steven Temares. The company on Monday announced that Temares had stepped down and resigned as a member of its board.Here are 10 of the most brutal criticisms investors lobbed at Bed Bath & Beyond.Visit Business Insider's homepage for more stories.Bed Bath & Beyond's announcement Monday that its CEO had resigned came with the company under fire over accusations of messy stores, “excessive compensation” of executives, and an abundance of garbage cans.A group of activist investors — Legion Partners, Macellum Capital Management, and Ancora Advisors — released a brutal presentation in late April slamming Bed Bath & Beyond's leadership.The 168-slide presentation took issue with issues as varied as executive compensation and clutter in stores' aisles. Slide after slide described different parts of the company that activist investors said were “broken.”It's unclear whether that presentation had anything to do with the company's announcement Monday that CEO Steven Temares had stepped down and resigned as a member of the company's board.Read more: Bed Bath & Beyond CEO steps down weeks after activist investors release a brutal presentation slamming its leadership“It has been a privilege to serve with my fellow associates for these past 27 years,” Temares said in a statement. “It has always been, and will always be, about our people. There are truly no words to adequately express my gratitude to them and I will miss them immensely.”In late April, Bed Bath & Beyond said it was already taking action on many of the issues highlighted by the activist investors.“Upon our initial review, it appears that most of the operational areas targeted for improvement include actions the company is already taking as part of its transformation plan, which are already well underway or have been substantially completed,” the company said in a statement.“Other target areas identified include actions that have been, and continue to be, considered by Bed Bath & Beyond. The company will provide a more detailed response at the appropriate time.”Here are 10 of the most savage criticisms investors lobbed at Bed Bath & Beyond: