Monday, March 16, 2020

Chicago, Illinois-Based GGP Inc (fka General Growth Properties) Top-Tier Executives Average Annual Pay and Benefits Increase Was an Off-the-Charts 119.2% Per Year During the Five Years Before It Was Acquired in 2018

From Company Proxy Statement filings with the SEC, below are GGP Inc (fka General Growth Properties) Top-Tier Executives Annual Total Compensation for each of two consecutive full years of employment for five years before it was acquired in 2018.


FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
GGP Inc (fka General Growth Properties) 2017 2016 2016 2015 2015 2014 2014 2013 2013 2012
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Sandeep Mathrani CEO        11,333        12,749        12,749        39,248        39,248           4,892           4,892        22,103        22,103           4,216
Shobi Khan COO           4,517           4,764           4,764           3,814           3,814           1,515           1,515           6,832           6,832           1,563
Michael Berman Former CFO           3,767           4,014           4,014           4,064           4,064           1,527           1,527           7,271           7,271           1,605
Heath Fear CFO  N/A   N/A 
Richard Pesin EVP Anchors,
………. Development and Construction           3,017           3,264           3,264           3,314           3,314           1,517           1,517           4,929           4,929           1,563
Alan Barocas Senior EVP Leasing           3,264           3,314           3,314           1,515           1,515           4,932           4,932           1,563
 Totals      22,634     24,791     28,055     53,754     53,754     10,966     10,966     46,067     46,067     10,510
Annual % Change vs Prior Year -8.7% -47.8% 390.2% -76.2% 338.3%
5 Year Average Per Year % Change 119.2%