Taking Aim at Koll’s ‘Golden Parachutes’
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The structure of the bankruptcy organized by the Koll Real Estate Group [“Koll Reorganization Includes a Little Something for Execs,” Aug. 20] is as close to fraud as the company can stand.
The bonuses paid to Don Koll and his officers totaling more than $750,000 are appalling.
“Golden parachutes” to reward incompetent officers who created the financial disaster that made the financial reorganization necessary to the survival of the company is simply absurd. This should be a prime target for a shareholder class-action suit.
JACK O. VANCE
Huntington Beach
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