Michael DeMarco, CEO of Mack-Cali RealtyCorp.
JERSEY CITY, NJ—Mack-Cali Realty Corp., in response to criticismleveled last week by dissident shareholder group Bow Street LLC,stated that it is committed to maximizing shareholder value and itsBoard is open to acquisition proposals.
Mack-Cali Realty charged that Bow Street in last week's letter to shareholders that calledfor the removal of Mack-Cali CEO Michael DeMarco, similar to its2019 proxy contest, "intends to engage in a campaign based ondeception, falsehoods and other dishonest tactics to advance itsself-serving agenda."
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
