Stephen J. Cloobeck Releases Open Shareholder Letter Demanding Playstudios Replace Management
I implore you to take immediate action and replace Chairman and Chief Executive Officer Andrew Pascal and his management team before shareholder value is eroded further than it has been already.
- I implore you to take immediate action and replace Chairman and Chief Executive Officer Andrew Pascal and his management team before shareholder value is eroded further than it has been already.
- One commentator called Playstudios "One of (the) Worst-Performing De-SPACed Companies Over Past Year," and that was last August, before the stock plummeted even further.
- Stephen J. Cloobeck is a self-made entrepreneur with more than thirty years' experience across every aspect of hospitality design, development, and deployment.
- Diamond was sold to Apollo Global Management in 2016, then sold by Apollo in 2021 to Hilton Grand Vacations.