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Dry Bulk Finance United States

Economou accuses Genco of ‘purposeful evasion’ as he targets board chair for removal

Shipping magnate files fiery preliminary proxy statement recommending removal of board chair James G Dolphin after two of his nominees were rebuffed by the board

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Billionaire George Economou’s contentious return to the US capital markets continues. Ahead of Genco’s annual meeting, he is upping the ante, accusing the company of retaining excess cash and underperforming, while specifically targeting chairman James G Dolphin for replacement

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