Subject: Re: Defaults on LA properties

I'm most surprised that Brookfield allowed a partially owned subsidiary of Brookfield Property to use their name (and in this case drag it through the mud), resulting in headlines like "Brookfield defaults." The financial impact to BN is trivial, and probably the long-term reputational impact is limited, but it's an ugly headline. If I was Bruce Flatt, I wouldn't be very happy with Brian Kingston.

Berkshire has been considerably more careful with its brand (e.g., Berkshire Hathaway HomeServices).