That's what Adam Metz, interim chief executive officer of thedebt-laden mall REIT isgetting in base salary and fixed bonuses, according toCrain's. Metz could also see a $1 million discretionarybonus and has options to buy one million shares.His counterpart,interim president Thomas H. Nolan Jr., gets a $1.25-million baseannual salary, a $1.6-million fixed bonus, and a discretionarybonus of $800,000. He has the option to buy 800,000 shares.Granted, these guys will have their hands full. They'retrying to salvage (or sell) a company with $27.4 billion in debt.Executives also intend to sell the REIT's high-end Las Vegasportfolio in a climate where buyers aren't exactly snapping uptrophy malls left and right.But are these salaries fair, especiallywhen a group of shareholders is unhappyabout losing money on General Growth's beleaguered stock? Or is itjust another example of excess?
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