HHC CEO David Weinreb and President Grant Herlitz recently entered into 10-year employment agreements.
Resolved true The record shows it happened or was so.
Factual: Statements about the present or the past, checked against the record: did they hold up?
The second judge would not resolve this claim; the verdict shown is the first judge's.
Said for an organisation they lead or work for; it counts on both records.
What would count as true or false
Judge as of the 2018 statement date. True if SEC filings (8-K or proxy) show that HHC's CEO David Weinreb and President Grant Herlitz each entered into employment agreements with a roughly 10-year term, signed shortly before the statement (e.g. in 2017–2018), and both held those titles. Mostly true if both agreements existed and were recent but the term was slightly different (e.g. 9–11 years, or ~10 years to a stated end date), or titles differed in a minor way. Mixed if only one of the two entered such a 10-year agreement. Mostly false if agreements were signed but with substantially shorter terms or were not recent. False if neither executive entered into a long-term employment agreement around that time.
Set before the research began.
Evidence (3)
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E1 Howard Hughes Holdings Inc. (HHH) Q3 FY2017 Earnings Call Transcript - November 7, 2017 roic.ai · 7 November 2017
“As you know, David Weinreb represented into a new employment agreement with the company for another 10 years as our CEO.”
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E2 Howard Hughes Holdings Inc. (HHH) Q3 FY2017 Earnings Call Transcript - November 7, 2017 roic.ai · 7 November 2017
“Also, as we disclosed on October 5, the company entered into a new employment agreement with our President, Grant Herlitz for Chairman of 10 years.”
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E3 Howard Hughes Holdings Inc. (HHH) Q3 FY2017 Earnings Call Transcript - November 7, 2017 roic.ai · 7 November 2017
“With me today are David Weinreb, Chief Executive Officer; Grant Herlitz, President; David O'Reilly, Chief Financial Officer; and Peter Riley, General Counsel.”
Reasoning
In HHC's Q3 2017 earnings call on November 7, 2017, the company said CEO David Weinreb had entered into a new employment agreement for another 10 years as CEO (E1). On the same call it said that on October 5 it had disclosed a new 10-year employment agreement with President Grant Herlitz (E2). The call introduction confirms that Weinreb was CEO and Herlitz was President at the time (E3). The evidence is a call transcript rather than the 8-K or proxy filings the criteria name, and its wording is garbled in places. Even so, it shows that both executives signed roughly 10-year agreements in late 2017, shortly before the 2018 statement.
Cite this claim
Bill Ackman, “HHC CEO David Weinreb and President Grant Herlitz recently entered into 10-year employment agreements.” (said 2018). Verdict: resolved true. Reliability API, claim c_c2da44242439, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_c2da44242439
This claim is in dataset release v1.1.2, with the same verdict.
Reply to this claim
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