Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: longnshort who wrote (1180721)	11/27/2019 8:04:41 AM
From: sylvester80	1 Recommendation Read Replies (1) of 1573642

LOSING: Head of Trump’s inaugural committee pressured to resign as firm’s CEO November 26, 2019, 9:02 p.m. bostonglobe.com Head of Trump’s inaugural committee pressured to resign as firm’s CEO Thomas J. Barrack Jr., chairman of President Trump’s inaugural committee, is under pressure from an activist investor to resign as chief executive of Colony Capital, a real estate investment firm he founded. Blackwells Capital sent a searing letter to Colony on Tuesday, demanding Barrack be replaced after Colony’s stock price plunged over the past three years. The investment firm also cited two federal investigations of the inaugural committee, calling them a distraction for Barrack. “Colony’s board has given Tom Barrack too much deference and too much latitude for too long,” Blackwells’ founder, Jason Aintabi, said in the letter. “His continued, imperial reign over the company damages its credibility and business prospects, and creates a tremendous overhang on the stock.” — NEW YORK TIMES

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