Paramount CEO personally directed no-bid contract to firm tied to ex-girlfriend
Paramount Group is facing scrutiny over whether the company is putting the interests of its CEO Albert Behler ahead of shareholders. Paramount, a publicly traded REIT and a major landlord in New York City and San Francisco, revealed in a Securities and Exchange Commission filing earlier this year it paid millions of dollars to Behler’s outside businesses, including to a private jet company in which Behler had a 50 percent stake. Last month, the firm disclosed it is under an SEC investigation over disclosures related to conflicts of interest, perks, related-party deals, and executive compensation. Now, The Real Deal discovered […]
This article originally appeared on The Real Deal. Click here to read the full story.
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