A recent Wall Street Journal article makes an interesting point: There aren't too many executives out there who are qualified to undertake the leadership of General Growth Properties once it emerges from bankruptcy.
It makes the point that families have help the top positions at many of the largest mall REITs, such as Simon Property Group and Taubman Centers, and few of them would want their names associated with a long-time competitor. Rick Sokolov, chief of operations at Simon, who is not a family member, told the paper he is "not interested."
Here are some of the names that are supposedly in the running: First Industrial Realty Trust CEO Bruce Duncan, who used to run Canada-based Cadillac Fairview; David Contis, president of Equity Investments and a former Macerich Co. execuitve; Tony Deering, formerly chief executive officer of The Rouse Co.; former Centro Properties Group CEO Glenn Rufrano who is now the chief executive at Cushman & Wakefield; former Macerich operations chief Tony Grossi; and Sandeep Mathrani, head of Vornado Realty Trust's retail operations.
Do any of these names stick out as good candidates to you, or would someone else be more qualified to take the helm? Also, salary aside, is this a job that you would want?
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