By  on April 20, 2010

Michael Duke’s earnings dropped by almost one-third last year as equity awards received on his February 2009 promotion to president and chief executive officer of Wal-Mart Stores Inc. were credited to the previous fiscal year, according to the retailer’s proxy.

J. Crew Group Inc.’s proxy, also disclosed on Monday, showed that Millard “Mickey” Drexler, chairman and ceo, earned a total of $5.8 million, 60.1 percent above his 2008 pay of $3.6 million. Without the $2 million discretionary cash bonus granted to him by the company’s board, and disclosed on Friday, his compensation would have been $3.8 million, 5.3 percent above its 2008 level.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus