Terry J. Lundgren weathered a 21.6 percent drop in total compensation last year — and saw the cash portion of it drop by nearly half — as Macy’s Inc. fell short of its target for sales and missed the threshold under which a bonus for cash flow would have been triggered.
Lundgren, chairman, president and chief executive officer of Macy’s, was reported to have garnered $13.8 million in total compensation last year, down from $17.7 million in the prior year. While his stock and option awards dipped a fraction, rounding off to $7.7 million for both periods, the cash component fell 47.4 percent to $3.5 million from $6.6 million in 2011.
@serenawilliams, in @versace and a @bulgariofficial necklace, with @alexisohanian attending the #royalwedding at St. George’s Chapel. See all of the celebrities in attendance on WWD.com. #wwdeye #wwdfashion
The wait is over: Meghan Markle picks @givenchyofficial’s Clare Waight Keller for her wedding dress. Markle entered St. George’s Chapel in a Givenchy Haute Couture gown paired with Queen Mary’s Diamond Bandeau Tiara, loaned to her by The Queen. Read more on WWD.com - Link in bio. #wwdnews #wwdfashion #royalwedding