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)
Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>