Medical Emergency

Anthony LoPinto

Over the last two days we have been deluged with news accounts of how Hillary Clinton had a medical emergency at the 9/11 Memorial Ceremony as she tried to fight off pneumonia.  She’s going to be just fine, but the turmoil surrounding a cover-up by her staff in reporting the episode, and now, heightened focus on her health brings into sharp focus an important issue that companies face in dealing with the health of their CEO.

Communication from companies, their boards, and the CEOs themselves have tended to be reactive, vague and occasionally misleading. Employees are often left in the dark along with the public, and when the news breaks, stock prices can drop dramatically immediately following disclosure of “bad news.”  In the public realm, the SEC does not require disclosure unless the CEO is unable to perform his or her duties, so it is left to good judgment. In a perfect world, the announcement is timely and measured, providing the company and the individual the opportunity to “manage” the situation. Warren Buffett’s public announcement that he was diagnosed with cancer was made with his characteristic courage and class, and the event was thus well managed.

These announcements are always difficult, but clearly timely transparency is the best policy. 

Job Listings

CIM GROUP Associate – Investor Relations (LOS ANGELES, CA) Associate will support existing and prospective investor requests by working with various internal groups including Client Service Executives, Investments, Development, Financial Reporting, Property Management and Legal to ensure timely and accurate client deliverables. (Sponsored Job)

REXFORD INDUSTRIAL Construction Manager – Industrial (LOS ANGELES, CA) Position will work collaboratively with clients and colleagues to deliver intelligent solutions to ensure quality project delivery. Role will help manage construction at Rexford’s industrial properties.

GREENLAND USA Design Manager (SOUTH SAN FRANCSICO, CA) Duties include: working with design director and vice presidents on project execution, analyses and reporting; maintaining project schedules, pro-formas and budgets; and projecting budget of development projects (including processing vendor invoices, and draw packages).

SITUS Managing Director, Head of US Due Diligence & Underwriting (NEW YORK, NY) Position will be responsible for the strategy, P&L, and the day-to-day management of the business, including: operational efficiency; pricing client solutions; client engagement/business development; client service and delivery; and personnel and resource management.

TISHMAN SPEYER Assistant Property Manager (CHICAGO, IL) Position will work closely with the property manager to maintain, enhance, and create value for the 2.3 million square foot asset during the investment cycle; and actively manage the relationships with vendor community and tenants, and TSP management as necessary to ensure the assets achieve maximum value.

FREDDIE MAC Risk and Controls Professional (MCLEAN, VA) Role will collaborate with business area management and assess and implement process improvements, change management and project management.

CITI Senior Vice President – Retail Design & Construction Project Director (TAMPA, FL) Director will report directly to the Global Head of Design & Planning for Retail and will partner with Citibank North America (CBNA) to support the strategy and execution of the retail network. Role requires a thorough understanding of the rapidly changing retail banking industry including direct experience managing a large retail program.

FEDERAL REALTY INVESTMENT TRUST Director, Development (FRESH MEADOWS, NY) Director will be responsible for strategic investment management and project execution for the development and redevelopment and integration of new and existing retail assets. Day-to-day activities include partnering with the SVP, Development and VP, Asset Management, Core Division, managing the development team and other key constituents such as leasing, property management, financial analysts, and asset managers.