Glenn Murphy, chairman and chief executive officer of Gap Inc., saw his compensation fall nearly 6 percent in 2009, but he’ll more than make up the shortfall this year with a special bonus granted to him by the company’s compensation and management development committee.
In 2009, Murphy’s total pay fell 5.9 percent to $5 million from $5.4 million in 2008. The majority of the more than $300,000 decrease was attributable to a voluntary reduction in his salary, to $1.275 million from $1.5 million, as part of an overall cost-cutting effort undertaken because of difficult business conditions. His salary has reverted back to $1.5 million for 2010.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)