Portnoy pigs have opened a hole the size of the holland tunnel for someone (corvex) to throw out the board and take over gov without a shot being fired.
portnoy lost cwh by 81% vote and the majority were institutions and funds..and angry shareholders. Rmr & portnoy are on their last legs..good riddance to bad garbage,
Throwing out the Portnoys should have happened at least 10 years ago at CWH/HRP. This is going to hit all of the RMR managed REITs (SNH, GOV, and HPT). What the Portnoys have done at all managed REITs has been nothing short of blantant theft, in my humble opinion. The facts speak for themselves.
The Portnoy's greed finally got the best of them. Their actions transition from questionable at best to absurd.