MPG (Money Power Greed) model, resulting in Abuse/Bullying M.O. (Modus Operanda):
Cons
During my tenure with SPG, I saw MANY changes. Some were good and some were horrid. Simon is all about keeping its status as the largest REIT in the US. Senior leaders and execs, will step on anyone to get ahead. They have not handled COVID well. Leaving employees in limbo for months and eliminating an entire platform and leadership. It has become a “good old boy” network and it’s all about who you know or what your last name is.
Advice to Management
Get a clue! You have some major talent (or did) in the organization.
^^^ EXPLAINS the heavy-handed tactics used by SPG at their malls
PERSISTENT toxic policy of Following/Harassment of mall-goers:
*perceived* undesirables (Blacks, Latinos, teens, casually dressed folk)
towards a high-end mall branding -- is simply SELF DESTRUCTIVE behavior!
Sure enough, their high-end Keystone Mall just LOST its anchor-store Saks 5th Avenue -- Beginning of the End!
Keystone Mall incident: Simon Property Group (SPG) owned Keystone Mall, "Beginning of the End" with Saks 5th Avenue leaving..affecting adjoining Cheesecake Factory
Keystone Mall incident: Keystone Mall FAIL
Following/Harasssment incidents:
Keystone Mall incident: Pattern of Following/Harassment by Keystone Mall Security, from Google Maps reviews!
Keystone Mall incident: Simon Property Group complaints on Yelp
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