Douglas Elliman’s losses and scandals
Boston Condos for Sale and Apartments for Rent
Douglas Elliman’s losses and scandals
Elliman’s bad streak worsens with more losses and a shareholder showdown. Inside the brokerage’s troubled summer
Douglas Elliman’s third summer as a public company has been even worse than the first two.
How bad is it;
Pick your problem: a share price dipping as low as $1, its eighth quarterly loss in a row, an activist calling out the chairman for poor financial performance, or sexual assault allegations against two of the brokerage’s former top agents.
As Elliman hangs on for a savior in the form of lower mortgage rates, the brokerage is enduring a steady stream of turmoil.
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