Marshall Loeb on leadership
From Speaker Spotlight | Marshall Loeb · · Culverhouse College of Business
“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 stock prices to how it's going.”
On , Marshall Loeb, President, Chief Executive Officer & Director at EASTGROUP PROPERTIES, spoke about leadership 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."