Wynnefield Capital Demands CDC Software Board Terminate CEO Yip; Wynnefield Holds 12.3% Class A Shares
Wynnefield Capital, a long-term investor in CDC Software Corporation (NASDAQ: CDCS), today released a letter demanding that the Company's Board of Directors terminate CEO Peter Yip from all of his offices and positions with the Company – and that any directors not acting to do so, should immediately resign their own positions.
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