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Stock is at heart of divorce spat for Reit chief - John Kilroy Jr., president and chief executive of Kilroy Realty Corp

Author: Los Angeles Business Journal

John Kilroy Jr. likes collecting trophies.

Whether in the construction of a premier property like the Westside Media Center or competitive yacht racing, the 54-year-old president and chief executive of Kilroy Realty Corp. appears to embrace challenge and competition.

But none would seem to carry the stakes of a long-running legal battle with his ex-wife, Robin Kilroy, to finalize the financial terms of their 1995 divorce.

The two are tangled in a dispute over the complex structure of Kilroy's 1997 initial public offering and the definition of community property that Robin Kilroy said could net her as much as $12 million in company stock.

Along the way, the two have committed accusations of greed and accounting irregularities to paper in court filings.

"It's not a nice divorce, but what divorce is?" said Robin Kilroy "Everything is disputable."

At the heart of the dispute are shares granted to Robin Kilroy as part of the Kilroy IPO.

...

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