Dissident ShopHQ Group Now Calls For COO To Be Booted

A dissident shareholder group is not letting up on ShopHQ, continuing to demand that the current management be ousted.

We blogged last week about The Clinton Group’s call for ShopHQ, formerly ShopNBC, to dump CEO Keith Stewart because of the poor performance of the No. 3 home shopping network.


Well, there were two press reports Monday about The Clinton Group still being on the war path. The New York Post wrote that the shareholder group, which has a 5 percent stake in ShopHQ, was also calling for ShopHQ Chief Operating Officer Carol Steinberg to be canned.


The paper said that The Clinton Group skewered Steinberg because she had posts on Facebook that indicated she is in Philly on Mondays and Fridays, far away from the network’s HQ in Minnesota. The shareholder group made this accusation during a presentation to the company’s board, according to the Post.


Meanwhile, Bloomberg Businessweek reported that The Clinton Group is demanding a shareholder meeting to reshuffle ShopHQ’s board. The group wants most of the board’s current members removed and for seven new nominees put in, picked from a roster of execs that includes former Home Shopping Network CEO Mark Bozek and former Sony Music Chairman (and Mariah Carey ex-husband) Tommy Mottola.

The beat goes on.

Tags: , , , , , , , ,

3 Responses to “Dissident ShopHQ Group Now Calls For COO To Be Booted”

  1. Joanie B. Says:

    This is much more interesting (to me, anyway) than any of the merchandise currently being peddled by any of the shopping networks, and any of the hosts doing the peddling. Please keep us posted on any updates to this story; this could get really good. A thorough housecleaning of The Powers That Be at a shopping channel …….. love love love it !!

  2. carolyn simpson Says:

    i have dealt with shophq since they were value vision.i loved value vision!! good hosts, nice merchandise and great vendors.over the years, i have seen them slowly disintegrate and make terrible blunders. i wondered how a company could be so stupid. i say, off with thier heads and do it quickly

  3. DR Says:

    They want to replace the guys that helped make QVC what it is with these clowns, give me a break… good luck the Clinton team LOL

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: