Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

The Best Prime Day Travel Deals 2025

June 30, 2025

How to make $100,000 or more and pay no income taxes

June 30, 2025

A Translation Guide To Progressive Slavespeak

June 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, June 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Real Estate»Howard Lorber Still In Stockholders’ Good Graces After Annual Meeting
Real Estate

Howard Lorber Still In Stockholders’ Good Graces After Annual Meeting

August 22, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The CEO of Douglas Elliman was elected as a director of the company during the annual stockholders meeting, alongside David K. Chene and Patrick J. Bartels. This decision was met with some discontent from certain shareholders.

Whether you’re refining your business model, mastering new technologies, or exploring strategies to leverage the next market upswing, Inman Connect New York will equip you to take bold strides forward. The Next Chapter is on the horizon. Be a part of it. Join us and thousands of real estate leaders from Jan. 22-24, 2025.

During the stockholders meeting, there was no call for the replacement of CEO Howard Lorber or for the clawback of his 2023 bonus, despite some shareholders advocating for these actions.

About three weeks prior, shareholder Bradley Tirpak wrote a letter urging fellow investors to let Lorber’s contract expire at the end of the year and seek a new full-time CEO to lead the company towards stronger financial stability.

PARTICIPATE IN THE INMAN INTEL INDEX SURVEY FOR AUGUST

Tirpak also urged shareholders to vote against a proposal on executive compensation, elect directors annually to align compensation with stockholder returns, and called for the clawback of Lorber’s 2023 bonus. He also recommended hiring a new compensation consultant due to the company failing to meet certain financial targets.

In light of recent allegations against former top brokers at the firm, Oren and Tal Alexander, Tirpak questioned Lorber’s 2023 bonus award for Diversity, Equity, and Inclusion.

Despite these concerns, Douglas Elliman clarified that no formal HR complaints were lodged against the Alexanders during their tenure with the company.

Advisory firms Glass Lewis and Institutional Shareholder Services (ISS) made recommendations in line with Tirpak’s suggestions prior to the stockholders meeting.

At the meeting, Lorber, David K. Chene, and Patrick J. Bartels were elected as directors by the majority of stockholders. While Chene and Bartels received around 56.6 million votes each, Lorber had approximately 44.7 million votes. More votes were withheld from Lorber compared to the other directors.

Stockholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for the rest of the year.

Contrary to Tirpak’s desires, stockholders approved the compensation of Douglas Elliman’s executive officers, indicating that substantial changes to compensation policies were not imminent.

However, stockholders did vote in favor of a proposal to declassify the Board of Directors, enabling annual director elections. This gives stockholders the authority to vote for different directors at the next annual meeting if they deem the company’s performance unsatisfactory.

Douglas Elliman’s financial performance improved in the second quarter of 2024, with consolidated revenues and gross transaction volume showing year-over-year growth. The company also reduced its net loss compared to the previous year.

Correction: An earlier version of this article incorrectly stated that Howard Lorber was a part-time CEO of Douglas Elliman; his role is full-time.

Receive Inman’s Luxury Lens Newsletter directly in your inbox. A weekly deep dive into the top news in the luxury real estate world delivered every Friday. Subscribe here.

Email Lillian Dickerson

Annual Good Graces Howard Lorber meeting Stockholders
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Homebuyers still have down payment misconceptions

June 30, 2025

19 Types of Houses: Which is Right For You?

June 30, 2025

As rates dip and policy shifts, is the housing market about to wake up again?

June 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

When is Cyber Monday? Here’s What You Need To Know

November 18, 20240 Views

ZNS Connect Becomes Athene Network’s Primary Name Service Provider

October 1, 20240 Views

Ton trading volume soars by 258% after binance listing

August 9, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Personal Finance

The Best Prime Day Travel Deals 2025

June 30, 20250
Investment

How to make $100,000 or more and pay no income taxes

June 30, 20250
Economic News

A Translation Guide To Progressive Slavespeak

June 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.