Campus Crest Settles With Clinton Group
Campus Crest Communities, the student house REIT, is adding two dissident directors of Clinton Group's nominees. The company has also appointed an interim CEO and CFO.
Recall - It all started back in December when Clinton wanted to put four directors on the board. Clinton's issue being that there are too many conflicts of interest among board members, not to mention various management issues, such as mismanagement of properties and excessive compensation practices.