INDYSTAR.COM: Simon offers CEO $120M to stay

INDYSTAR.COM: Simon offers CEO $120M to stay

July 9 2011

Is the promise of $120 million enough to keep you on the job for eight more years?

That’s what Simon Property Group has offered David Simon if he stays on as CEO for that long at a company that his father and uncle founded.

“It is very, very substantial,” Steven E. Hall, managing director of Steven Hall & Partners in New York, said of the incentive award.  “They are really putting their money where their mouth is and finding a way to keep him engaged.”

And, said Hall, “They are certainly making a very strong commitment that Mr. Simon is the right person to lead the company into the future.”