HOW BIG IS YOUR PAYCHECK?
May 1, 2004 12:00 PM
Hopefully the benefits of running a high-profile retail REIT are commensurate with the high stress levels that go along with the job. However they feel about their paychecks, most executives couldn't complain about the raises they got in 2003. For example, Weingarten Realty Trust executive compensation increased by 15 percent to 25 percent in 2003. And Simon Property Group executives' compensation was up about 25 percent for 2003.
| NAME | TITLE | COMPANY | BASE SALARY | TOTAL COMPENSATION (exc. Stock options) |
|---|---|---|---|---|
| Thomas Lowder | Chairman & Pres. | Colonial Property Trust | $400,000 | $413,313 |
| John Hughey | Executive VP | Colonial Property Trust | $210,000 | $375,136 |
| Herbert Glimcher | Chairman | Glimcher Realty Trust | $537,500 | $537,500 |
| Michael Glimcher | President | Glimcher Realty Trust | $376,250 | $376,250 |
| Milton Cooper | Chairman | Kimco | $658,500 | $1,008,950 |
| Michael Flynn | Vice Chairman, Pres. | Kimco | $658,500 | $1,008,950 |
| Glenn Rufrano | CEO | New Plan Excel | $555,000 | $1,708,500 |
| Scott MacDonald | President | New Plan Excel | $425,000 | $838,320 |
| Stuart Tanz | President | Pan Pacific | $700,000 | $4,292,390 |
| Jeffrey Stauffer | Exec. VP | Pan Pacific | $365,000 | $1,998,480 |
| Hap Stein | Chairman | Regency Centers | $450,000 | $2,936,174 |
| Mary Lou Fiala | President | Regency Centers | $368,000 | $2,022,174 |
| David Simon | Chairman | Simon | $800,000 | $2,222,968 |
| Richard Sokolov | President | Simon | $600,000 | $2,248,405 |
| Andrew Alexander | President | Weingarten Realty Trust | $575,000 | $1,365,254 |
| Source: company proxy reports | ||||
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