NEW YORK — Five more retailers, including Nordstrom and Limited Brands, have revealed the compensation packages of their top executives in filings with the Securities and Exchange Commission.
Nordstrom said president Blake Nordstrom's overall compensation was $4.8 million, which included a base salary of $711,302 and a $1.5 million bonus. According to the SEC filing, Nordstrom also received stock and options valued at $1.1 million, merchandise discounts and medical and retirement plans. In 2005, he earned a base salary of $700,000 and a $1.5 million bonus.
Limited Brands said the total pay package of Leslie Wexner, chairman and chief executive officer, was worth $9.4 million in 2006. Wexner's base salary was $1.8 million in 2006, and he was not awarded a bonus. Wexner's pay package in 2005 included a base salary of $1.7 million and a $758,880 bonus.
The company, which operates Victoria's Secret and Bath & Body Works, said it determines Wexner's pay package based on the compensation of executives at 20 other specialty and department stores.
At Tween Brands, Michael Rayden, chairman and ceo, received $5.7 million compensation in 2006. His base salary was $1.1 million and he did not collect a bonus. A year earlier, Rayden earned a $2.4 million bonus on top of a $1.1 million base salary.
Internet retailer Bluefly said Melissa Payner, president and ceo, earned $6.2 million, which included a base salary of $488,000 and a $100,000 bonus. She received a base salary of $363,404 and a bonus of $105,000 in 2005.
Richard Hayne, chairman and president of Urban Outfitters, earned a total of $446,777. His base salary was $366,410 and he was awarded a bonus of $5,000. His base salary in 2005 was $363,404, and he was awarded a $105,000 bonus.
The filings were made under new requirements set up by the SEC to make pay packages of top managers more transparent. The SEC said it was not requiring firms to recalculate last year's packages in the new format. In 2005, executives' "total pay" did not include awards or stock options.
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