NEW YORK — Target Corp. said in a proxy filing Monday that it paid Robert J. Ulrich, chairman and chief executive officer, $36.4 million last year.
The company praised Ulrich's leadership, saying in the Securities and Exchange Commission filing that "an investment of $10,000 in our stock at the beginning of his tenure [in 1994] as ceo would have a market value of approximately $110,000 today, including reinvested dividends."
The company said that, during Ulrich's tenure, the ceo has had a "powerful impact on our strategic direction, financial performance and the strength of our reputation."
In 2006, Ulrich's base salary was $1.7 million, and he received a bonus of $3 million. He received stock awards totaling $16.6 million and stock options valued at $8.6 million. Target presented the compensation under the SEC's new "plain language" requirements, which lists total pay that includes stock options and awards. In 2005, Ulrich's total annual compensation — not including stock options and awards — was $8.3 million.
The company said in the filing that it will hold its annual meeting on May 24 at 1 p.m. in a Target store in Cleveland at 3100 West 117th Street. The company said the site was picked to "showcase our latest general merchandise store design in the latter stages of construction prior to opening. This store is scheduled to open in July 2007."
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For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
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“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
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Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews