Exit of Bucksbaum Family
The company's problems forced the ouster of CEO John Bucksbaum, though he remained chairman of the board. On October 26, 2008, Bucksbaum resigned. Director Adam Metz became CEO. The value of the Bucksbaum family fortune shrank by 97 percent since December 2007.
Read more about this topic: General Growth Properties
Famous quotes containing the words exit and/or family:
“There is no exit from the circle of one’s beliefs.”
—Keith Lehrer (b. 1936)
“The family is in flux, and signs of trouble are widespread. Expectations remain high. But realities are disturbing.”
—Robert Neelly Bellah (20th century)