By  on April 9, 2014

Gap Inc. chief executive officer Glenn Murphy’s 2013 compensation fell nearly a quarter as his stock awards and cash bonus both declined.

Murphy’s total reported compensation was $18.7 million, 24 percent below the $24.6 million reported for 2012, according to Gap’s definitive proxy filed this week with the Securities and Exchange Commission. Murphy has been chairman and ceo of Gap since August 2007.

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