At Jones Group Inc., both Wesley R. Card and Richard Dickson saw declines in total compensation in 2011 due primarily to lower stock awards, according to the firm’s definitive proxy filed Friday with the Securities and Exchange Commission.
This story first appeared in the April 16, 2012 issue of WWD. Subscribe Today.
Card, chief executive officer, received total compensation of $6.2 million, down 34.2 percent from $9.4 million in 2010. He received a base salary of $1.6 million and a bonus of $1.9 million. The total value of stock awards was $2.5 million, down from $5.2 million in 2010.
Dickson, president and chief executive officer of branded business, saw a 25.9 percent decline in total compensation to $4.7 million from $6.3 million. His base salary was $1.1 million and bonus was $1.2 million. The total value of Dickson’s stock awards was $2.2 million, down from $3.3 million. In 2010, he received a base salary of $908,333, plus a sign-on bonus of $455,000 and a bonus of $1.4 million.
The company will hold its annual shareholders’ meeting on May 17 at the law offices of Cravath, Swaine & Moore.