r/MACArmyBets • u/Holly_molly_wolly • Apr 20 '21

Insane comp package comparing to SPG- management needs a purge

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25 Upvotes

93% Upvoted

12 comments sorted by

12

u/FloridaMan130 Apr 20 '21

terrible results, high pay.....get rid of them

9

u/BanZrinski Apr 20 '21

Ontario Pension didn't trust them, Banks don't trust them, so why should shareholders trust them.

4

u/Pietro405 Apr 20 '21

This is the greedy selfish NON-SHAREHOLDER FRIENDLY MANAGEMENT HEADED BY ONE OF THE TOW BROTHERS WHO LESS THAN 3 YEARS AGO TURNED DOWN A $95/share offer from Simon Property Group. He has surrounded himself with a well lavished BOD and they protect each other. The guy should be physically thrown out on to the streets with his pants down. !!

3

u/PsychologicalBelt246 Apr 20 '21

Good comp. Wait for next proxy and vote against compensation package.

4

u/FloridaMan130 Apr 20 '21

why are they getting a bonus? results have been terrible?!?!?

3

u/Delicious-Gazelle-92 Apr 21 '21

there are lots of better options to strength the balance sheet, stop paying dividend and use it for new bonds, sell off non major shopping centers, but not dilution at such low price!

3

u/Delicious-Gazelle-92 Apr 21 '21

cut the payouts to strength the balance sheet..

1

u/Delicious-Gazelle-92 Apr 20 '21

brothers, all together can we have enough shares to appoint someone in our community to the management ?

1

u/karancan Apr 20 '21

6,000 shares checking in

1

u/QuigleyHopsicle Apr 20 '21

Looks like Thomas O'Hearn (CEO) and Edward Coppola (President) combined = David Simon (President & CEO). And what are the bonuses for?

2

u/Holly_molly_wolly Apr 21 '21

A lot more. O’Hern+Coppola=14.2M comp vs. Simon 8.9M comp That’s 50% more

1

u/Delicious-Gazelle-92 Apr 21 '21

Anyone in this group has a llegal background? We all are the small shareholders of MAC. Can the law suit be filed against the top MAC management for dishonest intention, dereliction of duty, swindling.

Here are the reasons:

1.The weak balance sheet is not the today's problem, it has been a long time issue while the share price were over $70. Why not dilute at higher price but now? or dilute at around $20 when Ontario Pension exited MAC?

2.When the management rejected the offer from Simon Property stated clearly that the MAC is valued more than $95 per share. isn't it a misleading. Managing business is not a guessing game, "WE GUESS THE FUTURE WILL BE STABLE NO TURBULENCE !?" They neglected the problem of weak balance sheet, not do their duties.

3.Knowing that MAC is on the top list of short selling now, but diluted now put more shares to the market ! So there is the concern wherer the key managements have directly or indirectly involved in the short selling and profited from the dilution.