By  on April 10, 2009

Blake Nordstrom, president of Nordstrom Inc., received a $1.6 million pay package last year, a 20.3 percent decline as the recession sapped strength from the high-end market.

Nordstrom took home a salary of $696,111 and other compensation of $65,676, including merchandise discounts of $46,374 and personal use of company aircraft valued at $4,816, according to a filing Thursday with the Securities and Exchange Commission.

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