Updated: Another Wausau Paper investor joins push for management changes

8:57 PM, Feb. 12, 2014
Wausau Paper, which used to own the paper mill in Mosinee, is under fire by shareholders who are calling for a change in management.
Wausau Paper, which used to own the paper mill in Mosinee, is under fire by shareholders who are calling for a change in management.
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Another major Wausau Paper shareholder is calling for reorganization of the company's board of directors and is asking the board to hold management "accountable for serious execution missteps."

LionEye Capital Management, which owns 1.9 million shares of the company or 3.7 percent of the total common shares, made the request in a letter sent Wednesday to all Wausau Paper Corp. board members.

"Our funds have been invested for over 2 years and throughout this period we have been very patient in our interactions with you," the letter said. "Our patience has run out." ...

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