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CEO of mall owner with shares down 99% says there's more to life than money

Despite sinking shares and fading relevancy, CBL boss is resolved to 'ride this out'

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On his malls' dwindling visitor numbers, Mr Leibovitz says: "The narrative suggests that malls don't (play a social role), but look in the parking lot and you see that people are still coming."

New York

SHARES of CBL & Associates Properties are down 99 per cent from their peak, but chief executive officer (CEO) 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...

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