By  on April 22, 2009

The Dillard family took siz­able cuts in compensation last year as the department store that bears its name suffered a large loss and declines in revenues.

According to the definitive proxy filed with the Securities and Exchange Commission Tuesday, William Dillard 2nd, chief executive officer, saw his pay recede 10.4 percent, to $2.5 million from $2.8 million in the prior year. While his salary remained at $810,000, the amount of his stock awards fell nearly $150,000, to $47,700, and “other compensation,” including the controversial “airplane use” category, declined more than $130,000 to $86,812.

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