Billionaire hedge fund manager David Tepper has just turned up the heat on Whirlpool Corporation (WHR), accusing the appliance giant of “destroying shareholder value.” He is also demanding sweeping changes to its strategy and capital allocation.
In a blistering new letter to the board, Tepper’s Appaloosa Management takes direct aim at Whirlpool’s leadership and criticizes the company’s recent recapitalization moves.
