William L. McComb, chief executive officer of Liz Claiborne Inc., saw his total compensation fall 18.9 percent to $5.4 million last year, according to a filing with the Securities and Exchange Commission.
The decline came primarily in the area of stock grants, which fell to zero from a value of $2.2 million in 2010. But McComb saw his bonus, which was categorized as nonequity incentive plan compensation, increase to $2 million from $400,000. The ceo’s salary held steady at $1.3 million. He also received stock options valued at $2 million, although he might not see that money given vesting schedules and changes in stock price.
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