David Simon

Simon sticks with key terms of CEO's pay despite shareholder ire

April 5, 2013
Greg Andrews
The company made small adjustments to David Simon's package but left in place the element that created the largest controversy—a stock retention bonus valued at $120 million he'll receive if he stays through July 2019.
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Barron's enthrones Simon among world's best CEOs

March 25, 2013
Mason King
Already one of the most highly regarded CEOs in Indiana and in his industry, David Simon of Simon Property Group now is keeping company with the likes of Warren Buffett, Amazon's Jeff Bezos and Larry Page of Google.
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Lawsuit over Simon's bonus may expose board's mindsetRestricted Content

March 9, 2013
Greg Andrews
The $120 million retention bonus that Simon Property Group Inc.’s board awarded David Simon two years ago has spawned a bitter legal battle in Delaware that promises to shed fascinating light on the inner workings of the board.
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2012 NEWSMAKER: CEO keeps Simon stock surging

December 28, 2012
 IBJ Staff
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
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Simon spared no expense with Manhattan residenceRestricted Content

November 10, 2012
Greg Andrews
The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.
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Simon Property directors sued over CEO’s pay

August 8, 2012
Bloomberg News
The board of the largest U.S. shopping-mall owner wrongfully authorized a compensation package for CEO David Simon that included $120 million in special stock awards, a Louisiana pension fund claimed in the lawsuit filed Wednesday.
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SPECIAL REPORT: Stock-based pay builds wealth for Indiana execsRestricted Content

June 2, 2012
Greg Andrews
IBJ's annual review of proxy statements for Indiana public companies found senior executives' median compensation rose 14 percent in 2011. But that analysis uses the fair market value of stock and options awards on the date they were granted. If a company's stock price surges, executives can make out far better. (with searchable database)
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Typical CEO at public firm made $9.6M last year, study finds

May 25, 2012
Associated Press
Study that pegs Simon Property's CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
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Shareholders vote disapproval of Simon's $120M bonus

May 1, 1900
Shareholders of Simon Property Group Inc. sent a resounding message to the company that they don't approve of a $120 million retention award given to CEO David Simon.
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Shareholder group advises against Simon CEO bonus pay

May 7, 2012
Cory Schouten
Simon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote against an employment agreement for CEO David Simon that includes a $120 million retention award.
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Simon CEO lands $137 million in compensation

April 7, 2009
J.K. Wall
David Simon must remain CEO of Indianapolis-based Simon Property Group for at least six years to see any of the $120 million in special stock awards the company’s board of directors awarded him last year, and must stay on eight years to reap the full amount.
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Simon chasing title of state's most valuable companyRestricted Content

January 7, 2012
Greg Andrews
David Simon's massive new compensation plan—which includes a $120 million long-term bonus—is a drop in the bucket compared with the wealth the company has been creating in recent years, even as the overall market zigs and zags.
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2011 NEWSMAKER: Simon collects big raise, takes on Amazon.com

December 24, 2011
Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based company the next eight years.
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Simon Property Group signs CEO to long-term contract

July 8, 2011
 IBJ Staff and Bloomberg News
Indianapolis-based Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the largest U.S. mall owner for the next eight years—and give him a one-time award worth $120 million.
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Simon CEO compensation jumps to $24.6 million

April 8, 2011
Bloomberg News
Simon Property Group Inc.’s board is working on a long-term employment agreement with Chairman and CEO David Simon, whose compensation rose more than fivefold last year.
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Simon CEO: Mall owner has ‘firepower’ for deals

November 16, 2010
Bloomberg News
Indianapolis-based Simon Property Group Inc., the U.S. shopping-mall owner that paid $2.3 billion this year for an outlet-center business, has plenty of capital for more purchases, CEO David Simon said Tuesday.
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New Jersey project enriched Simons

August 14, 2010
Cory Schouten
The battle over the estate of Melvin Simon has thrown a spotlight on a New Jersey development project that, by itself, has made many Simon family members multi-millionaires.
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E-mails show how David Simon faced financial crisisRestricted Content

August 7, 2010
Cory Schouten
The first few months of 2009 were not an easy time to be CEO of Simon Property Group Inc. David Simon was feeling pressure from shareholders, lenders, employees and family members.
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Attorneys finish arguments on Simon estate issue

July 30, 2010
Scott Olson
Lawyers for Bren Simon's stepchildren contend she's incapable of serving as trustee of her late husband's estate and should be removed. A Hamilton Superior Court judge took the matter under advisement and will rule at a later date.
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CIB deal won't fix all of Pacers' woes

July 17, 2010
Anthony Schoettle
The $33.5 million the Capital Improvement Board is providing the Indiana Pacers is merely a Band-Aid that will do little to solve serious short-term and long-term issues facing the team.
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Simon biding its time after failed bid for rival

May 15, 2010
Cory Schouten
Analysts predict Simon Property Group Inc. will pay off debt and wait patiently for its next opportunity after withdrawing separate offers to either acquire General Growth Properties or finance its exit from bankruptcy. A New York judge had endorsed a rival plan that allows General Growth to stay independent.
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Simon shares surge despite failed General Growth deal

May 10, 2010
 IBJ Staff and Associated Press
Simon’s rise suggested investors believe the company will be just fine without General Growth Properties Inc., the Chicago-based rival it had been pursuing for months.
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Simon mansion in Bel Air on market for $50M

April 15, 2010
Scott Olson
The 20,000-square-foot estate is in the ritzy neighborhood's most prestigious area, and boasts eight bedrooms and 16 bathrooms.
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Simon Property hiked CEO's pay 34.7 percent last year

March 26, 2010
Peter Schnitzler
David Simon's $4.6 million in total compensation last year was $1.2 million more than in 2008. The rest of his management team's pay declined or remained flat.
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Simon Property CEO uses hard-nosed style to excel at acquisitions

March 6, 2010
Cory Schouten
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
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