Vector Group 'strongly' supports sale of Morgans Hotel Vector Group raised its stake in Morgans Hotel to 6.4% and said it "strongly" supports the potential sale or merger of the company. It urges Morgans' board to sell the company as "they firmly believe that such a transaction will maximize stockholder value."
Burkle pressured Morgans Hotel CEO to resign, NY Post reports The resignation yesterday of Morgans Hotel Group interim CEO Jason Kalisman was a victory for Ron Burkle's Yucaipa Cos., New York Post reports, citing a source close to the situation. Burkle pressured Kalisman to resign after trying to block his attempts to sell the company's most valuable properties, the Post adds. Reference Link