Editor's Note: A previous version of this story had been to updated to include the correct date of Blum's initial letter and to clarify that Demilio's response was issued to franchise owners and employees. Of 95 Cosi Inc. shareholders who responded to an online survey from activist investor Blum Growth Fund LLC, all but two said they had lost confidence in the board of directors at Cosi, which operates and franchises 138-unit sandwich and salad chain. Brad Blum, owner of Blum ...
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