• Morgans board battles on

Morgans Hotel Group has filed a presentation demonstrating the progress the company has made in the last year towards improving performance. The presentation suggests alternatives proposed by agitating shareholder Kerrisdale Capital Management risk the company’s future.

In ten months since shareholders voted for change, the board insists it has largely delivered. Debts been restructured, overhead costs cut, and an asset-light strategy adopted.
Read the full story here:
http://www.protectvalueatmorgans.com/wp-content/uploads/2014/04/MHGC_Investor-Presentation-Press-Release.pdf

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