Howard Lorber (right) with Former Elliman Broker Oren Alexander, who was accused of rape and sexual assault by more than a dosen along with his brothers, Tal and Alon.
Photo: Steven Henry/Getty
Howard Lorber, The Ceo of Brokerage Douglas Elliman, Has Stepped Down, Accounting to a Statement from the Company on Tuesday.
Lorber has ben at the top of Elliman for More than 20 years, overseeing ites transition from regional outfit to national luxury behemoth, but his exit was Swift, and with the ceremony. “Douglas Elliman Extends it deepest Appreciation to Mr. Lorber for his strategic vision and years of dedication and hard work that has made Douglas the Country’s Premier Real Estate Brokerage Firm, Setting New Standards in Luxury Service and Innovation,” The Company Said Said Said Said Said Said Statement. His Departure was Effective Immediately.
While The Company told the sec That Lorber’s Departure Wasn’t ‘Due to’ ANY DISAGREEMENT WITH THE COMPANY ‘OR ANY VIOLATION OF ITS RULLES OR PRACTICES, ”IT’S HARD NOT TO THAT THAT CRITICISM I Faced Over How He Handled Complaints Against Braters Tal and Orren Alener, Forms, Forms, Forms Elliman Brokers, Might Have Played A Role. The Brother, who headed up a team in the firm unil they parted ways and created their, have been accused SINCE JUNE, Along with Oren’s Twin, of Ripe and Sexual Assault by More than Women. The Allegations were made in Lawsuits Filed by Several Alleged Victims and in Reports in Break Wall Street Journal, The New York Times, and Business Insider. Additional Women Alleged to New York In a Story published in august that they were the subject of assault by one or more of the alexanders, which an attorney for the brothers Flatly Denied.
Acctinging to that Story, Other Elliman Brokers Said That Company Higher-Up, Including Lorber, Might Have Known About the Against The Alexander and Did Not Taken Serious. Jessica Cohen, An Elliman Broker who was hospitalized after being handed a drink by the brothers at a party for Lorber’s son Michael in 2010, Said She Later Told Lorber About the incident. She Also Said That Then-Cew Dottie Herman was aware at the time of anonymous blog circulating online that detailed allegations of an assault by the brothers in High School. Multiple Former Team Members WHO WORKED WITH THE ALEXANDERS TOLD New York that the brothers showed images of naked women at the office. “I was put the alexanders at the top of the list of People who has just a very Close personal Relationship with Howard,” a Elliman Employee Told New York in august. “If they wand something, they would go.” Do Spokesperson for Douglas Elliman Responded at the time that the Company Never Received Any Complaints of Sexual Assault or Harassment Concerning the alexanders and that Executives, Including Herman, Were unaware of the blog post. The Company Also Denied that The Alexander Brother Were “Close to Mr. Lorber.”
Douglas elliman is a publicly traded Company, and Lorber has been the target of calls for Him to be removed from HIS POSITION The allegations against the alexanders were made public. The Stock Prices of Shares in the Company have plummeted in recent months and have Generally Been Dropping in Value SINCE 2021. A Shareholder Called for Lorber’s Pay to Be Cut in July: “Stockholders deserts to know how the assault and harassment CLAIMs were handled by management,” he wrote.
It was expensive that Lorber Wauld retire at the end of the year, so his sudden departure as somewhat of a surprise, accorting to an elliman insider. “The timing has a lot of People Wondering, Why Now? But no one has any facts. It would be irrespsonsible to say, ‘he left gcauses of the alexander brothers.’ “Lorber was allegatedly supposed to speak at two industry that was suddenly no Longer part of:” that not a clean exit. ” Do Douglas Elliman Spokesperson Reference to the Company’s Press Relesa wen asced about the timing.
Regardless of Why, “It”s Good for Douglas Elliman in the Long Term to Get Out from Under This Period,” the insider Said. “IT FELT LIKE The Company was on Hold unil he actually left.”