Simon grossly overpaid

June 2, 2012

Having experienced a somewhat predictable rejection of the proposed compensation package for CEO David Simon, the board of Simon Property Group now will propose a lesser amount which, by comparison, will seem reasonable. However, reasonable compensation is a multiple of the average incomes of all persons who work for Simon Property Group. Probably, compensation of $2 million or $3 million per year is reasonable in this context, and certainly enough to provide a handsome lifestyle for Simon.

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John Guy
 

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