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  "documentTitle": "MGM Resorts International (MGM)",
  "authorId": "26_Land_and_Buildings",
  "authorName": "Jonathan Litt",
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  "presentationDate": "2016-10-06 00:00:00",
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      "text": "Mr. Murren's new employment contract is an outrage to shareholders as he gets paid for staying in his chair not whether he is making or losing money for shareholders.",
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      "text": "Bullet points detailing shareholder grievances regarding CEO Jim Murren, including lack of stock ownership, poor performance, and excessive compensation.",
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      "text": "Stamford, CT (October 6, 2016) – Land and Buildings Investment Management, LLC (\"Land and Buildings\") today issued the following public letter to the shareholders of MGM Resorts International (NYSE: MGM) (\"MGM\" or the \"Company\") following the G2E gaming conference last week in Las Vegas: Dear fellow MGM shareholders: Last week we attended the G2E gaming conference in Las Vegas and made a few important observations with regard to MGM. It was clear that other MGM shareholders agree with our view, which we have consistently stated in the past, that CEO Murren has lost credibility with shareholders and the market.",
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      "kind": "quote",
      "text": "\"Jim's gotta go,\" was a common refrain and \"that would be worth a few EBITDA multiple turns in valuation\" often followed. — Market participants at G2E gaming conference",
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      "text": "At last week's G2E gaming conference it was clear to us that MGM shareholders lack confidence in Chairman and CEO Jim Murren - Mr. Murren's new employment contract is an outrage to shareholders as he gets paid for staying in his chair not whether he is making or losing money for shareholders - Multiple alternative pathways to unlock 35%+ upside at MGM Resorts -",
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