GREENSBORO, N.C. - Tanger Factory Outlet Centers Inc. (NYSE:SKT) CEO Steven Tanger's pay package plunged by over a third to $6 million in 2011, according to an SEC filing. He was paid $9.44 million in 2010.
Tanger, who has led the Greensboro-headquartered developer of outlet malls since 2009, was paid a base annual salary of $754,050, $3.63 million in shares and $1.20 million in non-equity incentive.
Tanger has worked for Tanger-affiliated companies for most of his professional career, having served as executive vice president of Tanger/Creighton for 10 years. He was president and COO from 1995 to 2008.
Tanger Factory Outlet owns and operates at least 39 outlet centers with gross leasable area of 11.8 million square feet.
No comments:
Post a Comment