Activist Investing Today: Litt Targets REIT CEO Pay

In this episode of the Activist Investing Today podcast, host Ron Orell interviews Jonathan Litt, a real estate activist investor, about his recent studies on executive compensation in REITs. Litt discusses a study reviewing 15 REITs where CEO pay was not adjusted despite underperforming their peers, and a second paper on executive compensation all-stars. They explore the flaws in benchmarking CEO pay against similarly-sized companies, especially when those companies are in different industries. Litt emphasizes the importance of shareholders voting against compensation committee members if they are unhappy with executive performance and pay. The conversation also touches on Landed Buildings' activist campaign at National Health Investors, highlighting conflicts of interest and governance problems related to interlocking directorships and lease renewal negotiations.