Simon Property CEO compensation deal rejected by shareholders, WSJ reports Simon Property Group (SPG) shareholders turned down an eight year compensation package awarded to the real estate investment trust's CEO David SImon, which included an annual base salary of $1.25M and stock awards valued at $132M over that period, reports the Wall Street Journal. Reference Link
Simon Property looking to force transaction with Macerich, says Wells Fargo Wells Fargo believes Simon Property Group (SPG) disclosed its 3.6% stake in Macerich (MAC) and requested a waiver from Macerich's 5% ownership limit since it is likely looking to force a transaction. However, Wells does not believe Macerich management is interested in a sale at this time and that this may remain an ongoing conversation "well into" 2015. The firm has an Outperform rating on Simon.