Hyatt Hotels IPO Questioned
From the Chicago Tribune:
Proposed Hyatt Hotels corporate governance is 'the worst,' Green Street Advisors says
Green Street Advisors called the corporate governance structure proposed in Hyatt Hotels Corp.'s initial public offering "the worst in our entire coverage universe." At the same time, hotel union Unite Here questioned the independence of Hyatt board members and vilified the proposed dual-class stock structure that would give Pritzker family members 10 times more voting power per share than Hyatt investors.
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