Kay Krill, chief executive officer and president of Ann Inc., saw her total pay rise 17.6 percent to $12.7 million last year.
The biggest chunk of Krill’s compensation came in the form of cash incentive pay, which totaled $6.7 million. She also received stock and option awards that were valued at a total of $4.5 million, although she might not realize that amount, given vesting schedules and stock price fluctuations.
Also seeing their pay rise at Ann in 2012 were Brian Lynch, brand president of the Ann Taylor division, whose total compensation rose 45.8 percent to $6.4 million, and Gary Muto, brand president of the Loft division, whose compensation rose 55.2 percent to $6.2 million.
Sears Holding Corp. also weighed in with its executive compensation for the year, which public companies report to the Securities and Exchange Commission ahead of their annual meetings.
And Louis D’Ambrosio, former chief executive officer and president, saw his pay drop 86.9 percent to $1.3 million. This change was mostly attributable to the lack of any stock awards for the former ceo last year. In 2011, he received stock valued at $8 million.
D’Ambrosio was replaced this fiscal year by Edward S. Lampert, who controls the majority of the retailer’s stock and is taking a salary of $1.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)