Hog Tied at Harley-Davidson

Director resigns, submits extensive letter of resignation

Interesting resignation letters don’t come often… cue HOG 0.00%↑ ’s recent director departure.

I expressed grave concerns about the current state of the Company and recommended specific actions, principally the immediate resignations of Chairman and CEO Jochen Zeitz, Lead Independent Director ("Presiding Director") Tom Linebarger, and long-tenured Board member Sara Levinson.

He cites the “extent of [the] white-collar-work-from-home policy” as part of the “cultural depletion of Harley-Davidson,” among other reasons…

At its highest levels, Harley-Davidson lacks a winning culture. This is particularly unfortunate for the Company's hard-working employees, whose passion and persistence defines Harley-Davidson. Without an in-person presence, I unfortunately do not see any way to perpetuate the Harley-Davidson culture and community.

He also mentions the anti-ESG activist campaign against the company—the Robby Starbuck campaign—saying the response was “grossly mismanaged.”

See the letter disclosed here, and the company’s response here.

Happy proxy season to all who celebrate.

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