By Dow Jones
NEW YORK (Dow Jones) -- The chief executive of Simon Property
Group was paid $3.1 million in 2008, including a base salary of $1
million, and a bonus of $810,000, according to a regulatory
filing.
CEO David Simon's total compensation package in 2007 had
amounted to $3.5 million, the company said in filing Friday with
the Securities and Exchange Commission.
Simon Property Group , a real estate investment trust, saw its
shares fall about 40% in 2008.
In the filing, the company said its CEO received $1.3 million in
stock awards during 2008, as well as $15,697 described as "all
other compensation." This included $12,650 in company matches to a
401(k) plan and $3,047 in life-insurance premiums.