The Elusive Vacation

  With July 4th falling on Wednesday this year, many executives took off the entire week, or at least the two days before or after the holiday. However, in today’s world of the Internet, smart phones and a plethora of devices to keep us connected, most executives are never really on vacation and go off the grid. 

  Yet even the ability to remain connected away from the office hasn’t enticed the working public to make time for leisure. Americans took an average of 16.2 vacation days last year, down from an average of 20.3 days between 1976 and 2000, according to a recent study by Project Time Off, a lobby group. So it appears that we not only take less time off of work, but we also remain connected to the office when we do take days off.

  As for CEOs, it appears they have some work to do when it comes to not working as much. A recent investigation of US company filings by Bloomberg identified a large group of leaders who are owed thousands of dollars for unused vacation time. 

  Before Amazon acquired Whole Foods, CEO Walter Robb had accrued 2,703 hours of unused vacation leave, or the equivalent of 338 eight-hour days, over several decades. Other CEOs found to have amassed tons of leave include Qualcomm’s Steven Mollenkopf, HCA Holdings’ R. Milton Johnson and Apple’s Tim Cook.

  Let’s not feel too bad for these guys, but do they ever really unplug, relax and recharge? I doubt it.

Job Listings

  WILNER PROPERTIES Vice President, Operations and Leasing (KING OF PRUSSIA, PA) Duties include: directing leasing of retail space; oversight of third party leasing brokers; market survey to determine market lease rates; regular inspection of properties; including all common areas & vacancies; and bidding, awarding and supervising contracts for the properties. 

  HEALTHCARE TRUST OF AMERICA Vice President, Facilities  (SCOTTSDALE, AZ) Responsibilities include: creating preventative maintenance programs on all building systems and equipment and ensuring compliance by on-site maintenance technicians.

  SEGRERA ASSOCIATES  COO/CFO, Real Estate Investment & Property Management  (MIAMI) Individual will provide leadership, management and vision necessary to ensure that the group and its affiliated companies have the proper operational controls, administrative and reporting procedures, professionals and systems in place to effectively grow the organization and to ensure financial strength and operating efficiency. 

  THOR EQUITIES, LLC  Investor Relations Analyst  (NEW YORK) Investor Relations Analyst will be involved with all aspects of investor communication and be responsible for investor, property, and portfolio reporting. Position will support the Investor Relations team as well as serve as a liaison between the Investor Relations group and the development, leasing, asset management, and accounting groups.  

  CRG Construction Administrator  (ST. LOUIS) Position will be primarily responsible for processing construction draws, coordinating capital calls with investors and managing loan advances with lenders. Position will also assist in reporting to management, investors and lenders and a broad range of construction and asset management functions.

  NAMDAR  Asset Manager, Retail  (GREAT NECK, NY) Position will oversee all aspects of an asset; create and oversee business plans of assets as well as oversee all transactions and sales; and perform long-term analyses to project future profits. 

  OLYMPIA DEVELOPMENT  Director of Development, Office & Residential  (DETROIT) Director of Development will be responsible for managing the development and execution of office and residential development strategy for The District Detroit. Position manages the underwriting, entitlements, incentives, capital structure, design and development of new office facilities and renovations of existing facilities consistent with the company’s overall development and investment objectives.

  BAYSIDE DEVELOPMENT PARTNERS Residential Sales and Marketing Manager  (ROWLETT, OR) Manager will develop and implement effective residential sales and marketing programs to meet home and land sales and leasing targets. He/she will negotiate land sales with homebuilders and multifamily developers, advertise and promote the projects, conduct market research and administer builder and Realtor relations programs within the context of a mixed-use community.

  PACIFIC LIVING PROPERTIES VP, Asset Management  (SEATTLE) Responsibilities include overseeing client portals and reporting; and re-positioning oversight of assets, acquisitions, financial performance review and analysis and select capital projects.

  THE WENTWOOD COMPANIES  Financial Analyst, Multifamily Underwriting  (AUSTIN) Analyst will create and maintain complex financial models in connection with the valuation and acquisition of multifamily assets and partnership interests; develop long term financial projections and operating budgets: and calculate surplus cash flow, debt coverage ratio and other metrics.