Mr. Burkle is managing partner of Yucaipa Cos., which with affiliates owns 22.9% of Simon. Ms. Paulson is a Yucaipa partner. Mr. Burkle controls 70% of Golden State Foods, a McDonald's supplier of which Ms. Paulson is a director.
Simon, which made the announcement late Aug. 24, said the two resigned because of a potential conflict of interest. -- Brad Johnson
Copyright August 2001, Crain Communications Inc.