By  on March 25, 2013

The compensation committee of Kohl’s Corp.’s board is getting tough with top management, cutting compensation while the retailer’s performance sags.

“Because the company failed to achieve acceptable financial results in 2012, our principal officers did not achieve a ‘satisfactory’ rating for the year and therefore did not receive any stock options, restricted shares or any other form of equity awards in 2013 based on 2012 performance,” according to Kohl’s proxy statement filed with the Securities and Exchange Commission.

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