Washington Prime Group execs take pay cut as mall owner faces long-term pandemic challenges

Washington Prime Group Inc. has cut executive salaries as challenges wrought by the coronavirus pandemic could have a long-term impact on the company.

The company reduced CEO Lou Conforti’s base salary by 25%, according to a filing with the Securities and Exchange Commission. CFO Mark Yale and General Counsel Robert Demchak saw their salary cut by 20%, meanwhile, and Chief Accounting Officer Melissa Indest and Joshua Lindimore, the company’s head of leasing, saw salary cuts of 15%, according to…

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