Tag: CEO

Simon Property CEO says malls being treated ‘unfairly’ amid pandemic

Simon Property Group was asked this past weekend to close its Cielo Vista Mall in El Paso, Texas, again, as Covid-19 cases in the area are on the rise, Chief Executive David Simon said Monday.

On Oct. 7, the biggest mall owner in America had finally reopened all of its properties that had been forced to shut due to the pandemic, the company said. The last to reopen was in Los Angeles county. But, with the closure of Cielo Vista, another round of shutdowns could be looming.

Outside of this closure, Simon said all its U.S. malls and outlet centers

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Merck announces retirement of CEO, 2020 earnings | Business News

KENILWORTH, N.J. – Merck & Co., with multiple locations in eastern Pennsylvania and New Jersey, announced fourth quarter and full year 2020 results.

The results were mixed.

However, earnings weren’t the big news Thursday morning. The big news was the announcement that chairman and CEO Kenneth C. Frazier is retiring at the end of June after almost 11 years at the helm of the pharmaceutical giant. He will remain on the board as executive director.

Frazier was one of the few Black corporate leaders of Fortune 500 companies in the U.S. He will be succeeded as CEO by Chief Financial

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American Dream Mall CEO says people ready to ‘get out of their home’

The coronavirus pandemic has kept Americans cooped up in their homes long enough, and American Dream Mall co-CEO Mark Ghermezian told FOX Business Network Monday people are ready to get out, do some shopping and have some fun.

“We reopened Oct. 1 with a big bang,” Ghermezian told “Cavuto: Coast to Coast“. “When people come here, they’re looking to get out of their home and we’re playing a core part in the staycation – what

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Washington Prime Group (WPG) CEO Lou Conforti

Washington Prime Group Inc., one of the biggest mall owners in the U.S., collected just over 40% of its rent in the second quarter. Chief Executive Officer Lou Conforti’s response: “So what?”

Despite the devastation of brick-and-mortar retail during the Covid-19 pandemic, Washington Prime hasn’t missed a debt payment — something Conforti is quick to point out. Sure, bankruptcies are piling up and big-box stores are closing, but Conforti and his team are still signing leases and, when needed, letting tenants defer rent payments.

“There’s no delusion whatsoever: this is a son of a gun,” he said in a phone

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