Marshall Loeb on career path
From Speaker Spotlight | Marshall Loeb · · Culverhouse College of Business
“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.”
On , Marshall Loeb, President, Chief Executive Officer & Director at EASTGROUP PROPERTIES, spoke about career path during Speaker Spotlight | Marshall Loeb on Culverhouse College of Business.
About Marshall Loeb
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."