Scott Durkin, president and chief executive of Douglas Elliman Realty was fired on Friday, according to a filing with the Securities and Exchange Commission. Days earlier, Howard Lorber, president, chief executive, and chairman of the board for the parent company, retired suddenly. Their departures are effective immediately.
There was no reason listed in the filing for Durkin’s termination. But according to reporting by the Wall Street Journal citing people familiar with the matter, Lorber was pushed to step down following an internal investigation that revealed concerns about the company’s culture, for one.
