General Growth Properties Inc. (NYSE: GGP) replaced its chief executive John Bucksbaum and its president Robert Michaels after it was revealed that Bucksbaum's family trust made loans to Michaels and former chief financial officer Bernard Freibaum. Shares of the mall operator leaped $1.42 to close at $3.39.
General Growth Replaces CEO
October 28, 2008 at 18:07 PM EDT