By  on May 13, 2014

Abercrombie & Fitch Co. chief executive officer Michael Jeffries saw his total reported compensation decline by more than 70 percent last year to $2.2 million as a result of a less generous employment contract and a more demanding retail climate.

Jeffries, who in January relinquished the post of chairman of Abercrombie & Fitch to Arthur Martinez but remained ceo, saw his total reported compensation drop from the 2012 level of $8.2 million. The cash portion was nearly cut in half as his salary remained unchanged at $1.5 million and his only other cash compensation came in the form of just under $700,000 in “other benefits.”

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