Tom Barrack, who stepped down as CEO of Colony Capital in 2014, is back at the helm after the company’s stock has plummeted. Richard Saltzman was ousted from the position and has given up his board seat, Bloomberg reported. Saltzman oversaw Colony’s merger with NorthStar. The company’s shares have tumbled 58 percent since President Trump’s inauguration — as it’s become evident that Colony overvalued NorthStar’s assets, the report said. “I completely respect and embrace Tom’s […]
source https://therealdeal.com/la/2018/11/08/as-colony-capitals-stock-tanks-tom-barrack-returns/#new_tab
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