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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The 20,000-square-foot estate is in the ritzy neighborhood’s most prestigious area,
and boasts eight bedrooms and 16 bathrooms.
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.
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.
