Correction: March 13 Simon Property CEO Pay Story
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In a March 13 story about executive pay at Simon Property Group Inc., The Associated Press reported erroneously that Chief Executive David Simon received compensation valued at $3.4 million in 2008. The story should have included another $2 million in performance-based stock awards, for a total of $5.4 million, representing a 3 percent decrease, not a 4.6 decrease, from 2007.
The story also erroneously reported the type of stock awards granted to the CEO in 2008. He received restricted stock, not stock options, as part of his compensation.
A corrected version of the story appears below. ...
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