NEW YORK — The panel includes a legendary athlete, a top Wall Street banker and a magazine publisher. The Saks Inc. board has 14 members. They are each paid $30,000 a year, plus $2,000 for attending a board meeting and $1,000 for attending a committee meeting (as a member). They get $750 for participating by phone in a board or committee session. The chair of a committee is paid an additional fee. For example, the chairman of the audit committee gets another $7,500 annually. Directors are reimbursed for their expenses, and each of the non-company directors is given 5,000 shares of restricted stock, according to a filing with the Securities and Exchange Commission.
Stanton J. Bluestone: He was chairman of the Carson Pirie Scott group, a division of Saks, from February 1998 until retiring in 1999, and from March 1996 until January 1998 he was chairman and chief executive officer of the company. Bluestone served in a variety of executive positions before 1996. He has been a Saks director since 1998 and serves on the audit committee. Bluestone's term was set to expire in 2004, and he faced reelection. He remains a director because Saks Inc. delayed filing its annual report until later this year and did not file a proxy statement.
Robert B. Carter: He is executive vice president and chief information officer of FedEx Corp., which provides transportation, international trade support and supply-chain services to companies around the world. Carter has been a director at Saks since 2004, and he also was up for reelection.
James A. Coggin: Since November 1998, he has been Saks' president and chief administrative officer. Coggin was president and chief operating officer from March 1995 until November 1998. Before taking that job, he held a number of executive positions within the company and at the McRae's Inc. retail division. Coggin has been a director since 1998.
Julius W. Erving: The Hall of Fame basketball star has worked in both the financial world and professional sports. Erving, known as "Dr. J" in his playing days, has been president of the Erving Group, a private investment company, since 1979. He also served as vice president of RDV Sports, a sports management company, from September 1997 until June 2003. Erving is on the boards of The Sports Authority and Darden Restaurants. He has been a director at Saks since 1997. His term was set to expire in 2004.Michael S. Gross: He cofounded and serves as partner for Apollo Management LP, an investment firm. Gross is the chairman of the board of Apollo Investment Corp. In addition, he serves on the boards of Pacer International Inc., United Rentals Inc., SkyTerra Communications and Allied Waste Industries. He has been a Saks director since 1994. Gross serves on the audit committee.
Donald E. Hess: Since January 1998, Hess has been ceo of Southwood Partners, a private investment company. He is also chairman emeritus of Parisian, and was chairman of the retailer from April 1997 until retiring in December 1997. From 1986 to April 1997 Hess was president and ceo of Parisian. He has been a Saks director since 1996. Hess was also up for reelection.
George L. Jones: He is president and ceo of the Saks Department Store Group, a position he has held since March 2001. Before that he spent time in the entertainment-related retail industry as president of worldwide licensing and studio stores for Warner Bros. from 1994 to February 2001. He has been a Saks director since joining the company in 2001.
R. Brad Martin: Martin has been ceo of Saks since 1989. He has served as chairman of the board since 1987. In addition, Martin is on the boards of Harrah's Entertainment Inc. and First Tennessee National Corp. He has been a Saks director since 1984.
Nora P. McAniff: She is executive vice president of Time Inc., the magazine publisher. Before taking that job in 2002, McAniff was group president of the People Magazine Group of Time Inc. from January 2001 to August 2002. She was president of People magazine from October 1998 to January 2001 and publisher of People from September 1993 to October 1998. McAniff has been a Saks director since 2002.
C. Warren Neel: Since being appointed in February 2003, Neel has been executive director of the Center for Corporate Governance at the University of Tennessee, Knoxville. From July 2000 to January 2003, he was commissioner of finance and administration for the State of Tennessee. Neel was dean of the College of Business Administration at the University of Tennessee, Knoxville, from 1977 until June 2000. He is on the board of American Healthways and has been a Saks director since 1987. Neel is on both the audit and corporate governance committees.Stephen I. Sadove: He has been Saks vice chairman since 2002. Sadove is also chief operating officer, a role he assumed in 2004. Before joining Saks, he was senior vice president of Bristol-Myers Squibb Worldwide Beauty Care from 1996 to January 2002. Sadove serves on Ruby Tuesday Inc.'s board as well. He has been a Saks director since 1998.
Marguerite W. Sallee: She has had a varied career built mostly around children and families. Since April 2003, Sallee has been staff director for the Senate Subcommittee on Children and Families. She was president and ceo of The Brown Schools from September 2001 to March 2003. Sallee was chairman and ceo of an employment and training company, Frontline Group Inc., from July 1999 to August 2001. In addition, she worked with two corporate child care companies earlier in her career. Sallee was ceo of Bright Horizons Family Solutions between July 1998 and January 1999, and president and ceo of CorporateFamily Solutions from February 1987 to July 1998. Sallee has been a Saks director since 1996.
Christopher J. Stadler: He has been managing director of Investcorp International, an investment company, since April 1996. Stadler also serves on the boards at Werner Holdings and U.S. Unwired. He has been a Saks director since 2000 and is on the corporate governance committee.
Ronald de Waal: He is vice chairman of the Saks board. In addition, he is chairman of We International B.V., a Netherlands-based company that runs fashion specialty stores in Switzerland, Germany, France, Belgium and the Netherlands. He also serves on the boards of The Body Shop and Post Properties. De Waal has been a Saks director since 1985 and is on the corporate governance committee.
Source: Saks Inc. Securities and Exchange Commission filings.
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