Post Blasts Williams' Record of 'Earnings Disappointments'

ATLANTA-Post Properties Inc. says it is willing to put its management record up against John A. Williams’ achievements any time and at any place, but especially at the crucial May 22 annual shareholders meeting in Downtown Atlanta.

That’s when shareholders will vote either to have the former company chairman replace David Stockert as president and CEO or keep Stockert and the REIT’s existing slate of directors and other executive officers.

In its first formal reply to Williams’ two-week-old proxy fight to regain control of the company he founded in 1971, a prepared Post statement says “if Mr. Williams succeeds, it is unlikely that the company would be able to attract qualified management in the future.”