Tom Barrack, a Trump ally with controversial connections, is under fire from an activist investor
FILE PHOTO: Tom Barrack, CEO of Colony Capital, speaks at the Republican National Convention in ClevelandTom Barrack's links to the Mueller investigation and ties to Michael Jackson, Harvey Weinstein, and Jeffrey Epstein were thrust into the spotlight on Tuesday after an activist investorBlackwells Capital detailed a laundry list of Barrack's alleged shortcomings, from his iron grip on Colony and decision to pursue a merger, to his Aspen address and polo playing.
"Colony's board has given Tom Barrack too much deference and too much latitude for too long," Jason Aintabi, Blackwells' investment chief, said in the letter. "His continued, imperial reign over the company damages its credibility and business prospects and creates a tremendous overhang on the stock."
Blackwells added that it would nominate five "exceptional candidates" to Colony's board at its upcoming annual meeting.
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