Terry Lundgren took a 7.4 percent cut in total compensation last year as a marked increase in his stock awards wasn’t enough to offset reductions in his options, cash bonus and car use.
According to the definitive proxy filed with the Securities and Exchange Commission Wednesday, Lundgren, chairman, president and chief executive officer of Macy’s Inc., earned a total of $14.9 million in 2010 versus $16.1 million in 2009. His salary was unchanged at $1.5 million and his stock awards rose 51.2 percent to $3.6 million.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"