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November 14, 2008

Maine Mall stakeholders at risk

Ever wonder how "flat" the world could get for NY Times columnist Tom Friedman?

Here's a fascinating Maine connection to the global panic that seems to be impinging on the family fortune of the smarmy writer:
the author’s wife, Ann (née Bucksbaum), is an heir to the General Growth fortune. In the past year, the couple—who live in an 11,400-square-foot mansion in Bethesda, Maryland—have watched helplessly as General Growth stock has fallen 99 percent, from a high of $51 to a recent 35 cents a share.
General Growth is the owner of the Maine Mall in South Portland, recently reported to be facing bankruptcy.

Posted by The Owl at 22:38. Filed under: Economy

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