Ethan Allen CEO Defends Leadership After Activist Board Challenge

Ethan Allen is a big furniture store company.

Its boss, Farooq Kathwari, has been in charge for a very long time.

Kathwari likes when customers visit stores and talk to interior designers.

He says customers buy three to five times more furniture when they do that.

A businessman named Douglas Bergeron bought a small part of the company.

Bergeron wants to replace everyone in charge because he thinks the company should sell more online.

He also thinks the boss is too old to keep running the company.

Kathwari says he is still full of energy and even climbs mountains for fun.

The company sold a little less furniture this year than last year.

Now the two sides disagree over how the company should be run, and investors will have to decide who is right.