Public companies are supposed to be answerable to shareholders, but those answers aren’t always what shareholders want to hear.
Witness the battle that hotel union Unite Here is waging against Hospitality Properties Trust, one of the Newton real estate investment firms overseen by Barry and Adam Portnoy.
The fight has gone on for a few years now. By the time HPT held its annual meeting June 15, Unite Here had key allies, including Institutional Shareholder Services (a major advisory firm for investors) and New York City’s comptroller’s office. Read more.