CEO Brian Kingston / Director Jeff BlidnerAs I have noted in earlier posts, I have an ongoing concern about the alignment of interests between BPY senior executives and their BAM interests. And so, when the CEO or CFO of BPY purchase "token" amounts of shares in BPY with the spare change in their wallet, I roll my eyes.
In that regard, I notice that CEO Brian Kingston was awarded in February 500,000 shares of BAM (yes BAM, not BPY) and the description is "compensation for services". As an aside, Bruce Flatt, CEO of BAM, only received 720,000 such shares for the same described reason.
Is it me or as a shareholder of BPY, would it not be more ideal for Mr Kingston to "want" such an award in BPY, not BAM?
Also, senior director of BPY, Jeff Blidner also received 150,000 shares for the same described reason.
Where are the independent directors of BPY on this?