Wife's assets in company not a conflict of interest in casino vote, Mandel says

Nov 10, 2011 Full story: Cleveland.com

Got a claim for PolitiFact Ohio to check out? E-mail your suggestion . Follow PolitiFact Ohio on Twitter and Facebook Ilana Shafran Mandel's stake in Forest City Enterprises "constitutes significantly less than 1 percent" of the company's shares and any implication of a conflict of interest "is legally incorrect."

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Ralph

Olmsted Falls, OH

#1 Nov 13, 2011
For centuries and centuries, those in power have created laws to protect themselves. There is nothing knew here. This explains why it is within the law to own up to 5% of a company and still be considered not a conflict of interest. 5% of $2 billion Forest City is $100 million. Just how poor do you have to be?
The fact is, his wife will gain a profit in her 'meager' ownership based on the deal. Anyone with common sense can see that.
Percentage of Ownership has nothing to do with Conflict of Interest. Any amount of ownership does.
Nothing Personal

Franklin Park, IL

#2 Nov 13, 2011
So are the Forest City crooks getting in the casino business? I'm sure their casino will be less than honest too.

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