Denver Post (Free subscription) | 12/11/2008
... Bucksbaum remains chairman. Earlier in the month, the board replaced chief financial officer Bernard Freibaum. General Growth has $900 million in debt coming due Nov. 28 on two luxury malls on the Las Vegas strip. It has another $58 million in bonds due Dec. 1. The company is attempting to meet those obligations by selling those two malls as well as another on the Las Vegas Strip....
Deseret Morning News (Free subscription) | 06/11/2008
... loss and abandoned its quarterly dividend. Last month, it fired Chief Financial Officer Bernard Freibaum after he sold 2.95 million shares to meet margin calls and put off new development plans.During a conference call Wednesday, analysts and investors criticized General Growth executives for refusing to give details of loans the company's trying to renegotiate. Interim Chief Executive...
The Pacific Business News (Free subscription) | 28/10/2008
... learned that an affiliate of a Bucksbaum family trust made unsecured loans to Michaels and Bernard Freibaum, former director and chief financial officer. The loan was made “for the purpose of repaying personal margin debt relating to company stock,” according to a company press release. Michaels’ loan, of $10 million, was repaid, while Freibaum still owes $80 million on his...
The Business Journal of Milwaukee (Free subscription) | 28/10/2008
... learned that an affiliate of a Bucksbaum family trust made unsecured loans to Michaels and Bernard Freibaum, former director and chief financial officer. The loan was made “for the purpose of repaying personal margin debt relating to company stock,” according to a company press release. Michaels’ loan, of $10 million, was repaid, while Freibaum still owes $80 million on his...
The St Louis Business Journal (Free subscription) | 28/10/2008
... learned that an affiliate of a Bucksbaum family trust made unsecured loans to Michaels and Bernard Freibaum, former director and chief financial officer. The loan was made “for the purpose of repaying personal margin debt relating to company stock,” according to a company press release. Michaels’ loan, of $10 million, was repaid, while Freibaum still owes $80 million on his...
Forbes (Free subscription) | 28/10/2008
On Monday, Chicago-based General Growth Properties), a , announced it would put several of its Las Vegas properties up for sale, had made some management changes and had found out that its former chief financial officer, Bernard Freibaum, had breached its disclosure policy and received a $90.0 million unsecured loan from a family trust linked to General Growth's chairman. While no company...
Forbes (Free subscription) | 27/10/2008
On Monday, Chicago-based General Growth Properties), a , announced it would put several of its Las Vegas properties up for sale, had made some management changes and found out that its former chief financial officer, Bernard Freibaum, had breached its disclosure policy and received a $90.0 million unsecured loan from a family trust linked to General Growth's chairman. While no company...
The St Louis Business Journal (Free subscription) | 27/10/2008
... learned that an affiliate of a Bucksbaum family trust made unsecured loans to Michaels and Bernard Freibaum, former director and chief financial officer. The loan was made “for the purpose of repaying personal margin debt relating to company stock,” according to a company press release. Michaels’ loan, of $10 million, was repaid, while Freibaum still owes $80 million on his...
San Fransisco Chronicle (Free subscription) | 27/10/2008
General Growth said it recently came to the board's attention that an affiliate of a Bucksbaum family trust advanced unsecured loans to President Robert A. Michaels and Bernard Freibaum, the company's former director and CFO, for the purpose of repaying personal margin debt relating to company stock. The loan to Michaels, which totaled $10 million, has been repaid in full. The loan to...
The Baltimore Business Journal (Free subscription) | 27/10/2008
... learned that an affiliate of a Bucksbaum family trust made unsecured loans to Michaels and Bernard Freibaum, former director and chief financial officer. The loan was made “for the purpose of repaying personal margin debt relating to company stock,” according to a company press release. Michaels’ loan, of $10 million, was repaid, while Freibaum still owes $80 million on his...
The Business Courier of Cincinnati (Free subscription) | 27/10/2008
The REIT had recently learned that an affiliate of a Bucksbaum family trust made unsecured loans to Michaels and Bernard Freibaum, former director and chief financial officer. The loan was made “for the purpose of repaying personal margin debt relating to company stock,” according to a company press release. Michaels’ loan, of $10 million, was repaid, while Freibaum still owes...
