Executives at companies that own and operate malls are beginning to feel the same pain as investors as the downturn in retail affects their compensation packages, the Wall Street Journal reported Wednesday.
Executives at some of the largest mall owners including Simon Property Group Inc. (SPG) - Get Report and GGP Inc. (GGP) are seeing their compensation reduced based on performance metrics, according to the Journal.
Simon Property, the country's largest mall operator, for example, has eliminated the stock grants tied to the company's long-term performance for top executives.
More of What's Trending on TheStreet:
- Advanced Micro Devices Could Explode Another 17% Within Hours: Chart
- Apple Moving Closer to Selling an American Made $1,000 iPhone, Trump Hints
- We Found 9 Products on Amazon With Inflated Discount Rates
- How Birchbox Took on Macy's, J.C. Penney and the $500 Billion Beauty Counter
