Paramount Group CEO’s golden parachute could net him $34M
Albert Behler’s “golden parachute” will allow him to enjoy more than a few dinners at Le Bernardin. If the Paramount Group CEO and Chairman steps down from his position after the company’s sale to Rithm Capital closes, he will be leaving the office REIT with $34.1 million, according to Paramount’s Securities and Exchange Commission filings. The compensation package is part of Behler’s existing employment agreement with Paramount. Behler’s compensation will include $10.7 million in cash, $19.97 million in unvested equity awards and $3.3 million in other compensation, according to the SEC filing. Other Paramount executives will also be entitled to […]
This article originally appeared on The Real Deal. Click here to read the full story.
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