Hyatt Executive Chairman Steps Down Following Epstein Connection Disclosures

Deep News
Feb 17

Thomas Pritzker, a prominent figure in the hospitality industry, will step down from his role as Executive Chairman of Hyatt Hotels. He stated that his decision aims to shield the company from potential fallout after newly released documents detailed the extent of his associations with Jeffrey Epstein and Ghislaine Maxwell. In a statement issued on Monday, Pritzker said, "Maintaining contact with them was an egregious error in judgment, and I offer no excuses for my failure to distance myself from them sooner." He added, "I condemn the actions of Epstein and Maxwell and the harm they caused, and I am deeply remorseful for the pain inflicted upon the victims." Media reports from 2023 indicated that Pritzker was a frequent visitor to Epstein's residences. Recently disclosed documents by the U.S. Department of Justice reveal multiple meetings and email exchanges between Pritzker and Epstein over several years, including several scheduled meetings throughout 2018, as well as correspondence between Pritzker and Maxwell.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10