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Taubman Centers Inc. (TCO)On Feb 9: 32.05   0.00 (0.00%)  
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Taubman Centers Inc.
200 East Long Lake Road
Suite 300
Bloomfield Hills, MI 48304-2324
United States - Map
Phone: 248-258-6800
Fax: 248-258-7596
Web Site: http://www.taubman.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:REIT - Retail
Full Time Employees:611

BUSINESS SUMMARY 
Taubman Centers, Inc. operates as a real estate investment trust. As of June 30, 2005, the company owned a 63% managing general partner’s interest in The Taubman Realty Group Limited Partnership (the operating partnership). The operating partnership is a subsidiary that engages in the ownership, management, leasing, acquisition, development, and expansion of regional retail shopping centers and interests therein. As of August 23, 2007, it owned and/or managed 23 urban and suburban shopping centers in 11 states the United States. These centers are located in metropolitan areas, including New York City, Los Angeles, San Francisco, Denver, Detroit, Phoenix, Miami, Dallas, Tampa, Orlando, and Washington, D.C. The operating partnership also owns certain regional retail shopping center development projects, as well as approximately 99% of The Taubman Company LLC, which manages the shopping centers and provides other services to the operating partnership and to the company. Taubman Centers qualifies as a REIT under the Internal Revenue Code. As a REIT, the company would not be subjected to federal income tax to the extent it distributes at least 90% of its taxable income to its shareholders. Taubman Centers was founded in 1950 by A. Alfred Taubman and is headquartered in Bloomfield Hills, Michigan.
Key Statistics

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    CORPORATE GOVERNANCE 
    Taubman Centers Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Feb-10 is better than 78.2% of Russell 3000 companies and 65% of Real Estate companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Robert S. Taubman , 56
    Chairman, Chief Exec. Officer, Pres, Chairman of Exec. Committee, Chairman of Taubman Company LLC, Chief Exec. Officer of Taubman Company LLC and Pres of Taubman Company LLC
    $ 804.00K $ 917.00K
    Ms. Lisa A. Payne , 51
    Vice Chairman, Chief Financial Officer, Chief Admin. Officer Taubman Company LLC and Chief Financial Officer Taubman Company LLC
    $ 742.00K $ 1.35M
    Mr. William S. Taubman , 51
    Chief Operating Officer
    $ 605.00K $ 8.53M
    Mr. David T. Weinert , 50
    Sr. VP of Leasing - The Taubman Company LLC
    $ 495.00K $ 836.00K
    Ms. Esther R. Blum , 55
    Chief Accounting Officer, Sr. VP and Controller
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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