Land and Buildings protests against RLJ Lodging board appointment

|About: RLJ Lodging Trust (RLJ)|By:, SA News Editor

Land and Buildings Investment Management (L&B) issues a letter to the shareholders of RLJ Lodging Trust (NYSE:RLJ) to protest against a recent board appointment.

L&B said RBJ needs a professional who is more experienced in operations and capital allocation.

L&B also alleged that the interests of RLJ Chairman, CEO, and CFO are "misaligned" given their out-sized compensation.

RLJ recently appointed Robert McCarthy - the former COO of Marriott International as a board member.

Source: Press Release

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