Monday, October 5, 2009

How to Run a Real Estate Company, US Style

General Growth Proposes $11.6 Million Bonus Pool

"General Growth Properties Inc., the second-largest shopping mall owner in the U.S., asked for court permission to pay as much as $11.6 million in incentive bonuses to 12 executives" (General Growth, based in Chicago, filed the biggest real- estate bankruptcy in U.S. history in April after amassing $27 billion in debt during an acquisition spree that left it behind only Simon Property Group Inc. in U.S. mall ownership).

Posted by alan @ 09:09 PM (639 views)
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