00:00It's Benzinga bringing Wall Street to Main Street
00:02Hyatt Hotel's chairman Thomas Pritzker said Monday he will retire immediately and renounced
00:07his relationship with Jeffrey Epstein, according to CNBC. Pritzker will step down as executive
00:12chairman after more than two decades and will not seek re-election at the annual stockholder
00:17meeting. He said he regrets maintaining contact with Epstein and Ghislaine Maxwell.
00:22Recently released files show he exchanged friendly emails with Epstein after the financier's 2008
00:28plea deal. Pritzker said he exercised terrible judgment by maintaining contact with Epstein
00:33and Maxwell, condemned their actions, and expressed sorrow for the harm inflicted on victims.
00:38Being included in the document release does not imply wrongdoing.
00:42Hyatt appointed CEO Mark Hoplamazian as chair effective immediately.
00:46For all things money, visit Benzinga.com.
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