Third Point's Loeb sends letter to Campbell's board, saying too late for new CEO

12:21 PM ET Wed, 10 Oct 2018

Third Point founder Daniel Loeb has sent a letter to the Campbell's board saying 'no top notch CEO' will join the company with the proxy vote in a few weeks. This comes after Loeb hiked his stake on the stock to 7% on Tuesday. CNBC's Leslie Picker reports.