Top NY Cushman exec Suzy Reingold departs firm
Former COO left after her $20M age and gender discrimination lawsuit was “resolved”
Suzy Reingold, a top executive at Cushman & Wakefield’s New York office who sued the brokerage for alleged gender and age discrimination, has left the firm.
Reingold, 67, joined Cushman in 2005 and was most recently chief operating officer of its Tri-State region office. In February 2013, the company brought over 38-year-old Ronald Lo Russo from Vornado Realty Trust to be the new president, passing Reingold over for the top job.
In response, she filed a $20 million lawsuit in New York State Supreme Court in October, seeking unpaid wages, back pay and damages.
In her filing, she said she was, “eminently qualified for the position,” to be local president. Furthermore, she claimed that the firm’s CEO of the Americas, James Underhill, had promised she would get the job.
This January, Cushman responded in court to the lawsuit, saying the claims were without merit. It further explained that as far as there were differences in pay between Reingold and other “similarly situated male employees… such disparities are due to a merit system, and/or a system that measures earnings by quantity and quality of production.”
Reingold resigned on October 17, she told The Real Deal in an interview today.
“I am talking to [several] firms about similar management positions and also looking at other potential opportunities in different directions,” she said. She declined to discuss the lawsuit, other than to say it was “resolved.” Cushman did not immediately respond to a request for comment.