By  on May 5, 2009

James O’Donnell, chief executive officer of American Eagle Outfitters Inc., took a 68.3 percent cut in total compensation last year, mainly because of a steep drop in his stock and options awards.

According to a regulatory filing with the Securities and Exchange Commission on Monday, O’Donnell’s total annual compensation fell to $3.8 million, from just under $12 million in 2007. His stock and options awards declined 70.8 percent in 2008 to $2.6 million, compared with stock and options totaling $8.8 million in the previous year.

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