The Globe and Mail reports in its Saturday edition that Usman Nabi wants to know how the board of Gildan Activewear "botched succession" so spectacularly in dismissing chief executive officer Glenn Chamandy last year. The Globe's Nicolas Van Praet writes that together with business partner Peter Lee at their investment firm, Browning West, Mr. Nabi is now plotting a proxy contest in retaliation. Their goals: get Mr. Chamandy his job back, surround him with a new group of directors who will nurture the rock-star CEO they say he is and reboot an earnings machine they think could deliver a stock price that is "multiples" of what it is today. A new board of eight directors led by well-known executive Michael Kneeland of United Rentals has already been picked, and they have been working behind the scenes with Mr. Chamandy on a path forward for Gildan. A formal operating plan is coming, Mr. Nabi says. Then, shareholders will decide which vision they like best and which group they want in place to steer the company's future. Mr. Nabi says he was "never seeking to be activists in Gildan," but the circumstances demanded it. He says, "Gildan was well-managed, with a great CEO who had a lot of alignment" with investors.