Scott Durkin's termination comes shortly after Howard Lorber's unexpected retirement, raising concerns regarding the management strategy amidst existing issues within Douglas Elliman, such as financial troubles and harassment allegations.
In a filing with the Securities and Exchange Commission, Douglas Elliman disclosed that Scott Durkin, who had been with the company for nine years, has been removed from his position as president.
Durkin's exit marks a significant shift for Douglas Elliman, which has faced a tumultuous year filled with allegations of sexual harassment by its staff and financial instability.
Howard Lorber's retirement and now Durkin's departure suggest a potential shakeup at Douglas Elliman that could impact its direction as a leading player in the real estate market.
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