April 5, 2013
Greg AndrewsThe 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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March 25, 2013
Mason KingAlready 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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March 9, 2013
Greg AndrewsThe $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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December 28, 2012
IBJ StaffIf 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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November 10, 2012
Greg AndrewsThe $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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August 8, 2012
Bloomberg NewsThe 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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June 2, 2012
Greg AndrewsIBJ'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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May 25, 2012
Associated PressStudy that pegs Simon Property's CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
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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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May 7, 2012
Cory SchoutenSimon 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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April 7, 2009
J.K. WallDavid 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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January 7, 2012
Greg AndrewsDavid 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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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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July 8, 2011
IBJ Staff and Bloomberg NewsIndianapolis-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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April 8, 2011
Bloomberg NewsSimon 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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November 16, 2010
Bloomberg NewsIndianapolis-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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August 14, 2010
Cory SchoutenThe 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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August 7, 2010
Cory SchoutenThe 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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July 30, 2010
Scott OlsonLawyers 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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July 17, 2010
Anthony SchoettleThe $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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May 15, 2010
Cory SchoutenAnalysts 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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May 10, 2010
IBJ Staff and Associated PressSimon’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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April 15, 2010
Scott OlsonThe 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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March 26, 2010
Peter SchnitzlerDavid 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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March 6, 2010
Cory SchoutenDavid 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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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.