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David Tepper, founder of Appaloosa Management, accused Whirlpool Corporation of wasting millions in shareholder value through poor capital allocation and excessive executive compensation. The billionaire investor, who owns a 5.5% stake in Whirlpool, demanded immediate reforms including board restructuring and dividend increases. This public criticism could pressure Whirlpool's stock as investors react to governance concerns. The move highlights growing investor scrutiny over corporate accountability in the post-pandemic market.
