$26M handshakes for Rexford pair as Kilroy CEO makes $7M
It’s proxy season. First up: Rexford, which happened to be the focus of our last column. Because of the succession post-Elliott stake, we knew some compensation details via the former co-CEOs’ separation agreements and the new CEO’s employment agreement. Still, there are more details, so let’s dive in. Former co-CEOs Michael Frankel and Howard Schwimmer’s total compensation last year was valued at about $26 million each. A lot of that was severance pay … the two received restricted stock valued at more than $22 million, which were “issued in lieu of cash severance in the event of termination without cause,” […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Buckingham Palace Unveils Its Biggest Picture Gallery Rehang in a Generation
Amazonian crafts feature in Costa Brazil's New York fragrance store
Insider-turned-outsider sells more shares of industrial REIT
Two Monégasque Designers Create a Loft That Is “Classic New York”
Princess Margaret’s Former English Country Retreat Lists for $5.3 Million
Patio Privacy Ideas for a Cozy and Secluded Outdoor Oasis
Eight pocket gardens and mini courtyards that draw light into the home
Leave the Shed—It’s the Summer of the Garden Pavilion
A 1906 Antoni Gaudí–Designed Residence Comes Back to Life in Barcelona
BoND designs "dark and enveloping" private sauna in New York
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California, 92656, USA