TSX:BPO.PR.A - Post by User
Comment by
Carenaon Dec 31, 2023 11:34am
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Post# 35805639
RE:RE:Brian Kingston, CEO of BPY
RE:RE:Brian Kingston, CEO of BPYGood morning Pierre,
He has not purchased any BAM shares. In fact he has sold 280,000 shares for proceeds of USD$10 million this year. So add another USD$10 million to the pile.
Also be sure, when he sells shares, it is not like he bought the shares personally. It is from the exercise of stock options as part of compensation.
I have nothing against these executives getting large stock options which they can then exercise and sell the shares. However, I am against rewarding poor performance and misaligned compensation arrangements.
Unfortunately, he has been in charge of BPY for years now and its performance has been abysmal.
Carena