Post by
Carena on Oct 29, 2023 9:07am
BPY CEO
Good morning,
I just noticed that the CEO of BPY, Brian Kingston, exercised options for 500,000 Brookfield shares and sold the shares for proceeds of $18 million.
What I found striking is the date he did this was Sept 15, just 3 days after the Brookfield Day on Sept 12 where he spoke so proudly of BPY assets etc. and most importantly, BPY's ability to "survive during times like this".
I wonder why Mr Kingston has not as yet, put his money where his mouth is and invest some of his personal capital into BPO or BPY preferred shares. Brookfield talks of targeting 15% returns on assets and there is a bunch of minimum returns sitting right in front of him?
If he can't do that, he should just leave.
Have a great Sunday,
Carena
Comment by
valuehunters on Oct 30, 2023 4:22pm
Actually he has been excercise his options every year. https://ceo.ca/api/sedi/?insider=Kingston,%20Brian%20William. He did buy some BPY preferred last year($302,745). If you look https://ceo.ca/api/sedi/?symbol=BPY&amount=&transaction=&insider=. There are several insiders bought BPY preferred.