“A cloud on the industry:” After Futterman’s firing, questions arise about Newmark’s growth strategy

Newmark Group’s firing of top retail executive Robert Futterman this week highlighted the risks of big firms trying to turbocharge growth through acquisitions. “It puts a cloud on the industry in a way that you don’t want to see,” said Joe Harbert, who oversees Avison Young’s Northeast operations and is a longtime friend of Futterman’s. “Obviously something happened, and companies do not terminate people for cause lightly.” Futterman, an icon of retail brokerage who has […]

source https://therealdeal.com/2019/05/31/a-cloud-on-the-industry-after-futtermans-firing-questions-arise-about-newmarks-growth-strategy/