CBL Says 1st Quarter Sales Up Significantly; Top Brass Get Bonuses Tuesday, May 18, 2021
CBL & Associates officials said sales were strong in the first quarter, and top officials will be getting bonuses.
They include $953,000 for CEO Stephen Lebovitz, $414,000 for board executive Charles Lebovitz, $313,000 each for president Michael Lebovitz and chief financial officer Farzana Khaleel and $201,000 for chief legal officer Jeffery Curry.
The bonuses were approved by the Chattanooga-based mall company s board compensation committee.
Stephen Lebovitz said, “The strong rebound in the economy is benefiting our properties, with first quarter sales across the CBL portfolio gaining significantly over sales for the first quarter 2019.