By  on April 3, 2013

Terry J. Lundgren weathered a 21.6 percent drop in total compensation last year — and saw the cash portion of it drop by nearly half — as Macy’s Inc. fell short of its target for sales and missed the threshold under which a bonus for cash flow would have been triggered.

This story first appeared in the April 4, 2013 issue of WWD. Subscribe Today.

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