Life Isn’t Just About Money, Says CEO of Mall Owner Down 99%
- Shopping malls poised to suffer during coronavirus outbreak
- Family-run CBL has stakes in 108 properties across the U.S.
This article is for subscribers only.
Shares of CBL & Associates Properties Inc. are down 99% from their peak, but Stephen Lebovitz is undeterred.
After all, he started working at the family business in the middle of the savings and loan crisis. When he succeeded his father as chief executive officer two decades later, the 2008 financial crash was still reverberating throughout the U.S. economy.