By  on March 30, 2012

Salaries for the Nordstrom family changed little last year, according to the company’s proxy filed with the Securities and Exchange Commission.

Blake W. Nordstrom, president of Nordstrom Inc., earned $698,056 versus $696,056 in 2010. His total compensation package, including stocks, options and incentives, amounted to more than $5.99 million.

Pete Nordstrom, executive vice president and president of merchandising, received a salary of $648,195 last year compared to $646,389 in 2010. His total compensation package is valued at $5.84 million.

Erik Nordstrom, executive vice president and president of stores, earned $648,195 in salary last year, compared to $646,398 in 2010. His total compensation is valued at over $5.71 million.

Michael Koppel, executive vice president and chief financial officer, earned $586,278 in salary versus $518,722 in 2010. His compensation package is worth about $3.98 million.

The Seattle-based retailer does not pay discretionary or guaranteed bonuses to those executives. Stock and option awards are reported due to SEC requirements, but the compensation in these categories was not necessarily realized last year by the executives.

Nordstrom does offer its executives some good perks, including discounts on merchandise from the store. Blake Nordstrom received $62,583 in discounts, while Erik took $41,555; Pete, $10,078; and Koppel, $17,532. The top executives are entitled to 33 percent off at Nordstrom full-line, catalogues and nordstrom.com, and 20 percent off at Nordstrom Rack and Nordstrom restaurants. A 40 percent discount is available at certain times of year on certain merchandise.

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