Gary Barnett is facing rising acrimony in Tel Aviv over a $75 million shareholder dividend that his company announced last week. Peeved bondholders claim the dividend is an undeserved payday for the Extell Development chief, who countered that it was justified since he’s covered significant expenses out of his own pocket. The brouhaha started on March 12 when Barnett announced that he sold $107 million worth of preferred shares in the $4 billion Central Park […]
source https://therealdeal.com/2018/03/22/gary-barnett-facing-rising-backlash-in-israel-over-75m-payout/
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