As Express was circling the drain, its CEO secretly took home $1 million in perks [CNN]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: CNN
and you have no control over the outside forces that can absolutely wreck your business. But in exchange, you get a fat paycheck and a bunch of perks, like access to a private jet. Just make sure there's a (wink wink) legitimate business reason for that jet trip. And make sure your accountants know about those trips, so they can disclose it to federal regulators. Or, in the case of the former CEO of fashion retailer Express, just take the jet and hope no one notices. Here's the deal: In the three years that Express, the source of all your best going-out tops for Y2K parties, was sliding into bankruptcy , its CEO at the time, Tim Baxter, was taking advantage of nearly a million dollars' worth of C-suite perks, including “certain expenses associated with the CEO's authorized use of chartered aircraft for personal purposes,” according to the Securities and Exchange Commission. And Express allegedly didn't tell investors about it like it was supposed to. Express, which also operat
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SPG
News
- JCPenney Remains a Question Mark [Yahoo! Finance]Yahoo! Finance
- JCPenney Operations in Q3 Turn Profitable Despite Sales Decline [Yahoo! Finance]Yahoo! Finance
- As Express was circling the drain, its CEO secretly took home $1 million in perks [Yahoo! Finance]Yahoo! Finance
- As Express was circling the drain, its CEO secretly took home $1 million in perks [CNN]CNN
- What's Behind the Traffic Increases at Simon Property's Malls? [Yahoo! Finance]Yahoo! Finance
SPG
Earnings
- 11/1/24 - Miss
SPG
Sec Filings
- 12/10/24 - Form 4
- 11/14/24 - Form SC
- 11/1/24 - Form 8-K
- SPG's page on the SEC website