That's what Adam Metz, interim chief executive officer of the debt-laden mall REIT is getting in base salary and fixed bonuses, according to Crain's. Metz could also see a $1 million discretionary bonus and has options to buy one million shares.His counterpart, interim president Thomas H. Nolan Jr., gets a $1.25-million base annual salary, a $1.6-million fixed bonus, and a discretionary bonus of $800,000. He has the option to buy 800,000 shares. Granted, these guys will have their hands full. They're trying to salvage (or sell) a company with $27.4 billion in debt. Executives also intend to sell the REIT's high-end Las Vegas portfolio in a climate where buyers aren't exactly snapping up trophy malls left and right.But are these salaries fair, especially when a group of shareholders is unhappy about losing money on General Growth's beleaguered stock? Or is it just another example of excess?
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