President, Chief Executive Officer & Director, Eastgroup Properties
Search every verified Marshall Loeb interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2020 interview, Marshall Loeb discussed his career path and leadership approach. Loeb, who studied accounting at the University of Alabama and earned an MBA from Harvard, said his accounting background provided a "good head start towards business." He described his career as unplanned, noting that he had "struggled and thought I had my career planned, and it looks nothing like that." Loeb said he returned to EastGroup Properties in 2016 after the shopping mall company where he served as chief operating officer was acquired. Loeb discussed EastGroup's financial strategy, stating that the company's target debt is 35% but was "down below 19% today" because "if you're at 35% and things get bad, you're not going to stay there." He said the company had been "over-leveraged in the last downturn like '08" and responded by bringing in joint venture partners, raising equity, and having senior management take a pay cut to avoid layoffs. Loeb described leadership as "almost like being a professor" and said he finds it rewarding to "help people build their careers."
“We were over-leveraged in the last downturn like '08. So, we brought in joint venture partners, we raised equity, senior management team. We decided to try to not lay off many people, as best we could, and all took a pay cut then.”
“Our target debt is 35%. We're down below 19% today, because you realize if you're at 35% and things get bad, you're not going to stay there.”
“It's almost like being a professor, in a way. You can help people build their careers and so I think from the leadership perspective it's been fun to see. It's more fun. It's almost like you're my kids. See the successes they have and the success as a public company we get lots of immediate feedback in the terms of our...”
“I got lucky and maybe like most of your career, you'd love to say it's planned, but the shopping mall company that I mentioned... We were getting bought out. I was their chief operating officer. The people that were acquiring us had two CLOs. So, I figured the third probably wasn't the charm and so you know it's going.”
Join student Molly Inhofe as she talks with the president, CEO, and director of EastGroup, Marshall Loeb. Loeb is a Culverhouse ...
Sign in to search the full transcript archive, filter by topic, and access every quote from Marshall Loeb.