Latest news with #ChrisCarr
Business Wire
6 days ago
- Business
- Business Wire
Equity Residential Appoints Chris Carr to Board of Trustees
CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced the appointment of Chris Carr to the Company's Board of Trustees to serve until the next annual meeting of shareholders. Mr. Carr qualifies as an independent trustee under the New York Stock Exchange's listing standards. He will serve on the Company's Audit and Corporate Governance Committees. With this appointment, the Company's Board will increase to 11 members, nine of whom are independent. Mr. Carr, 61, is the former Chief Operating Officer of Sweetgreen, Inc. (NYSE: SG), a restaurant and lifestyle brand. Prior to Sweetgreen, he held a variety of retail and supply chain senior executive roles at Starbucks (NASDAQ: SBUX), most recently as the Executive Vice President, Chief Procurement Officer. Prior to Starbucks, Mr. Carr spent 18 years with ExxonMobil, developing, leading and implementing retail operational strategies for its Global Fuels Marketing downstream businesses. He currently serves as a director for Hilton Worldwide, Inc. (NYSE: HLT) and is the chairman of the Board of Recreational Equipment Inc. (REI), a consumer cooperative. He also serves as a Board Trustee for Howard University and the University of San Diego. "We are very pleased to welcome Chris to the Equity Residential board. He brings a tremendous amount of experience as both an operating executive and a board member and will be an excellent complement to our outstanding Board of Trustees," said Mark J. Parrell, Equity Residential's President and CEO. The appointment of Mr. Carr is consistent with the Board's trustee succession and refreshment strategy of adding fresh perspectives from new trustees while leveraging the institutional knowledge and historical perspective of the Board's longer-tenured trustees to provide comprehensive and effective oversight of the Company's strategic, operational and compliance risks and opportunities. Over the past six years, the Company has added five new trustees to the Board, reducing the average Board tenure of our independent trustees to 7.5 years while increasing the breadth and skill sets of the Board. About Equity Residential Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 319 properties consisting of 86,422 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin. For more information on Equity Residential, please visit our website at
Yahoo
22-07-2025
- Business
- Yahoo
Georgia Ethics Commission won't investigate source of Republican Burt Jones' $10M loan
Georgia's State Ethics Commission on Monday declined to investigate whether Republican Lt. Gov. Burt Jones broke state law when he loaned $10 million to a campaign committee after showing far less cash on an earlier financial disclosure. However, a request for a legal opinion on whether such loans are legal is still pending before the ethics body. Bryan Tyson, a lawyer for Attorney General Chris Carr had made the complaint Thursday. Carr is running against Jones for the 2026 Republican nomination for governor. The GOP primary is next May, followed by the general election in November 2026. Gov. Brian Kemp legally can't run again after two terms. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Ethics Commission Director David Emadi on Monday wrote back that the commission was rejecting the complaint and wouldn't investigate because it didn't allege a legal violation. Jones' 2022 financial disclosure showed Jones had a net worth of $12.4 million, but only $700,000 in cash and securities. TRENDING STORIES: Chris Carr questions legality of rival Burt Jones' $10M campaign loan 'I feel confident.': Burt Jones wants to get rid of state income tax if he's elected governor As Georgia lieutenant governor raises cash, a possible 2026 opponent questions how it can be spent Georgia Attorney General Chris Carr plans to run for governor Carr's campaign questioned how Jones could have come up with $10 million in cash, suggesting Jones had falsely reported either his finances then or the source of the cash now, but Emadi wrote the 2022 report 'does not form a factual and legal basis to investigate an alleged false or incorrect filing regarding a loan made in a campaign disclosure report more than three years later.' Julia Mazzone, a Carr spokesperson, said Carr 'respectfully' disagrees with the decision, calling the source of Jones' case 'mysterious.' Jones spokesperson Kendyl Parker said the complaint was a 'pathetic cry for attention' and called the decision 'the first of many losses for the Carr campaign.' Still pending is the Carr campaign's request for an advisory opinion arguing that Jones was prohibited from making the loan to his leadership committee, a special fundraising vehicle that allows the governor, lieutenant governor and legislative leaders to raise unlimited funds. Tyson argued that under Georgia law, loans can be made only to a candidate committee, not to a freestanding political action committee or a leadership committee. Carr's campaign has beenvoicing concerns for monthsthat Jones will use his leadership committee and his family wealth from a string of gas stations to outspend them in the primary. Campaign officials citea 2022 federal judge's rulingthat a leadership committee for Kemp could not spend money against challenger David Perdue during the Republican primary that year because it would violate Perdue's free speech rights. [SIGN UP: WSB-TV Daily Headlines Newsletter]
The Independent
22-07-2025
- Business
- The Independent
Georgia Ethics Commission won't investigate source of Republican Burt Jones' $10M loan
Georgia 's State Ethics Commission on Monday declined to investigate whether Republican Lt. Gov. Burt Jones broke state law when he loaned $10 million to a campaign committee after showing far less cash on an earlier financial disclosure. However, a request for a legal opinion on whether such loans are legal is still pending before the ethics body. Bryan Tyson, a lawyer for Attorney General Chris Carr had made the complaint Thursday. Carr is running against Jones for the 2026 Republican nomination for governor. The GOP primary is next May, followed by the general election in November 2026. Gov. Brian Kemp legally can't run again after two terms. Ethics Commission Director David Emadi on Monday wrote back that the commission was rejecting the complaint and wouldn't investigate because it didn't allege a legal violation. Jones' 2022 financial disclosure showed Jones had a net worth of $12.4 million, but only $700,000 in cash and securities. Carr's campaign questioned how Jones could have come up with $10 million in cash, suggesting Jones had falsely reported either his finances then or the source of the cash now, But Emadi wrote the 2022 report 'does not form a factual and legal basis to investigate an alleged false or incorrect filing regarding a loan made in a campaign disclosure report more than three years later.' Julia Mazzone, a Carr spokesperson, said Carr 'respectfully' disagrees with the decision, calling the source of Jones' case 'mysterious.' Jones spokesperson Kendyl Parker said the complaint was a 'pathetic cry for attention' and called the decision 'the first of many losses for the Carr campaign.' Still pending is the Carr campaign's request for an advisory opinion arguing that Jones was prohibited from making the loan to his leadership committee, a special fundraising vehicle that allows the governor, lieutenant governor and legislative leaders to raise unlimited funds. Tyson argued that under Georgia law, loans can be made only to a candidate committee, not to a freestanding political action committee or a leadership committee. Carr's campaign has been voicing concerns for months that Jones will use his leadership committee and his family wealth from a string of gas stations to outspend them in the primary. Campaign officials cite a 2022 federal judge's ruling that a leadership committee for Kemp could not spend money against challenger David Perdue during the Republican primary that year because it would violate Perdue's free speech rights.
Associated Press
22-07-2025
- Business
- Associated Press
Georgia Ethics Commission won't investigate source of Republican Burt Jones' $10M loan
ATLANTA (AP) — Georgia's State Ethics Commission on Monday declined to investigate whether Republican Lt. Gov. Burt Jones broke state law when he loaned $10 million to a campaign committee after showing far less cash on an earlier financial disclosure. However, a request for a legal opinion on whether such loans are legal is still pending before the ethics body. Bryan Tyson, a lawyer for Attorney General Chris Carr had made the complaint Thursday. Carr is running against Jones for the 2026 Republican nomination for governor. The GOP primary is next May, followed by the general election in November 2026. Gov. Brian Kemp legally can't run again after two terms. Ethics Commission Director David Emadi on Monday wrote back that the commission was rejecting the complaint and wouldn't investigate because it didn't allege a legal violation. Jones' 2022 financial disclosure showed Jones had a net worth of $12.4 million, but only $700,000 in cash and securities. Carr's campaign questioned how Jones could have come up with $10 million in cash, suggesting Jones had falsely reported either his finances then or the source of the cash now, But Emadi wrote the 2022 report 'does not form a factual and legal basis to investigate an alleged false or incorrect filing regarding a loan made in a campaign disclosure report more than three years later.' Julia Mazzone, a Carr spokesperson, said Carr 'respectfully' disagrees with the decision, calling the source of Jones' case 'mysterious.' Jones spokesperson Kendyl Parker said the complaint was a 'pathetic cry for attention' and called the decision 'the first of many losses for the Carr campaign.' Still pending is the Carr campaign's request for an advisory opinion arguing that Jones was prohibited from making the loan to his leadership committee, a special fundraising vehicle that allows the governor, lieutenant governor and legislative leaders to raise unlimited funds. Tyson argued that under Georgia law, loans can be made only to a candidate committee, not to a freestanding political action committee or a leadership committee. Carr's campaign has been voicing concerns for months that Jones will use his leadership committee and his family wealth from a string of gas stations to outspend them in the primary. Campaign officials cite a 2022 federal judge's ruling that a leadership committee for Kemp could not spend money against challenger David Perdue during the Republican primary that year because it would violate Perdue's free speech rights.
Yahoo
18-07-2025
- Business
- Yahoo
Chris Carr questions legality of rival Burt Jones' $10M campaign loan
A Republican candidate for Georgia governor asked a state ethics body Thursday to determine whether his GOP rival illegally lent $10 million to a campaign committee to evade restrictions under state campaign finance law. Attorney General Chris Carr's campaign lawyer asked the Georgia Ethics Commission for a legal opinion saying Lt. Gov. Burt Jones was prohibited from making the loan to his leadership committee, a special fundraising vehicle that allows the governor, lieutenant governor and legislative leaders to raise unlimited funds. A spokesperson for Jones called the complaint a 'weak attempt to get attention' in a statement. Carr and some other candidates for state office cannot have the so-called leadership committees for campaign fundraising under a 2021 state law that created the committees unless they win their party's nomination for governor or lieutenant governor. Instead, they are limited to candidate committees, which can raise a maximum of $8,400 from each donor. Opponents say that's an unfair advantage for incumbents. Jones and Carr are competing for the Republican nomination to succeed Gov. Brian Kemp, who legally can't run again after two terms. The GOP primary is next May, followed by the general election in November 2026. Jones filed documents showing he made loans of $7.5 million and $2.5 million to the WBJ Leadership Committee when he announced his long-anticipated run for governor on July 8. The cash infusion was part of Jones' strategy to set himself up as the front-runner in the race. Carr announced his run for governor last year, saying he needed a long runway to raise money because he isn't personally wealthy. Carr's campaign has been voicing concerns for months that Jones will use his leadership committee and his family wealth from a string of gas stations to win the primary. Bryan Tyson, a lawyer for Carr's campaign, on Thursday requested an advisory opinion from the Ethics Commission on whether the loans are legal. Tyson argued that under Georgia law, loans can be made only to a candidate committee, not to a freestanding political action committee, or even a leadership committee, which is allowed to coordinate with a candidate committee. Carr's campaign cited a 2022 federal judge's ruling that a leadership committee for Gov. Brian Kemp could not spend money to get Kemp reelected during the Republican primary that year. U.S. District Judge Mark Cohen found that the 'unequal campaign finance scheme' violated challenger David Perdue's First Amendment right to free speech. RELATED NEWS: Georgia Attorney General Chris Carr plans to run for governor Too early? Political experts weigh in on Chris Carr's announcement that he's running for governor Lt. Gov. Burt Jones forms committee to explore getting rid of state income tax Lt. Gov. Burt Jones announces run for governor Jones spokesperson Kendyl Parker said in a statement she was 'not surprised by this weak attempt to get attention — it's exactly what you'd expect from a campaign that's losing steam with many months to go until Election Day.' Tyson suggested that if Jones could make a loan to the leadership committee and then raise unlimited sums to repay himself, he could give the repaid money to his candidate committee to spend in the primary. That would evade Cohen's ban on the use of leadership committee money in the primary. Tyson warned that such laundering would 'wash away contribution limits entirely.' The Ethics Commission must issue an advisory opinion within 60 days under state law. In a related complaint to the commission on Thursday, Tyson alleged that Jones broke state law because his previous financial disclosures didn't show that he had $10 million in cash or securities to be able to afford such large loans. Tyson pointed to a 2022 financial disclosure that showed Jones had a net worth of $12.4 million, but only $700,000 in cash and securities. The rest was tied up in the value of real estate and Jones' insurance agency, the disclosure stated. Tyson noted that Jones' 2024 disclosure showed he hadn't sold real estate or his business, arguing 'it appears he could not have sufficient liquid assets to loan his leadership committee $10 million.' Ethics complaints can take years to resolve, but Tyson said it was 'imperative' that the commission move quickly to determine the source of the loan, whether it was properly reported and whether Jones planned to spend from his leadership committee in the primary.
