Hyatt Hotels' IPO plan under fire
The Unite Here union group and a stock research company alike are blasting Hyatt Hotels Corp.'s plan for a nearly $1 billion initial public offering. In a news release, Unite Here questioned the independence of Hyatt board members and a stock structure that would give Pritzker family members 10 times more voting power per share than investors, and Green Street Advisors called the corporate governance structure proposed in the deal the "worst in our entire coverage universe."
Chicago Tribune | 10/28
This story published in AH&LA SmartBrief on 10/30/2009
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