The CEO of Simon Property Group says the company's "fifth platform" will leverage its huge customer base—its more than 220 properties draw more than 100 million customers who make 2 billion visits a year.
Retail real estate scions to battle in court–again
David Simon and Bobby Taubman are battling now in court over whether Simon Property Group is obligated to complete the $3.6 billion purchase of Michigan-based Taubman Centers that it announced in February.Read More
Mall giant Simon chops corporate staff as COVID-19 wreaks havoc
The company is cutting more than 100 employees and furloughing others as it weathers the temporary shutdown of much of the retail industry.Read More
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
New York-based Ann Taylor has provided nearly 30,000 pages of documents in response to discovery requests related to why it signed a lease in 2006 to open a Loft store in a competitor's shopping center, only to reverse itself two years later and instead open at Simon Property Group's nearby University Park Mall.
Analysts say Simon has reason to covet Macerich, whose 40 best malls have lofty sales per square foot of $618.
Since David Simon became CEO in 1995, Simon Property shares have posted a total return of 2,150 percent—a dazzling run extending nearly two decades.
Seeking to avoid investor litigation, Simon Property this year eliminated a $120 million stock award to CEO David Simon in favor of a performance-based bonus. A retirement fund isn’t satisfied.
Simon Property Group won’t have to face a lawsuit alleging it improperly barred investors from voting on an executive-pay plan that resulted in a $120 million stock award to CEO David Simon. Public documents released Thursday show Simon made about $16 million last year.
Simon Property Group has tied CEO David Simon’s $154 million retention bonus to the financial performance of the company, but plaintiffs in a related legal action are not satisfied.
The as-yet-unnamed new company will have a separate management team. The company initially will own 54 strip centers and 44 malls.
Simon Property Group directors improperly refused to let shareholders vote on changes to the company’s executive-compensation plan that resulted in a $120 million stock award to CEO David Simon, investors’ lawyers argued Monday in court.
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.
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.
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)
Study that pegs Simon Property’s CEO as highest-paid finds executive compensation is soaring along with profit at public companies.
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.
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.