Most Recent Articles In FinancialMost Recent Articles In Financial
- American Eagle Q4 Profits Fall 6.7%
- Retail M&A Market Seen Favoring Sellers
- Flagship Division Still a Challenge for Urban Outfitters
WEXNER’S PAYDAY: Leslie Wexner, chief executive officer and chairman of Limited Brands Inc., saw his total compensation fall 6.2 percent last year to $19.2 million, according to a filing with the Securities and Exchange Commission.
Wexner’s salary held steady at $1.9 million, but his nonequity incentive pay slipped 22.3 percent to $4.9 million. He also received stock and options valued at $11.4 million but might not realize all of those proceeds, given vesting schedules and stock price fluctuations. The rest of his pay came from changes in the value of his pension, deferred compensation and the grab-bag category of “other compensation.”
Compensation for Sharen Turney, ceo and president of the Victoria’s Secret business, jumped 35.7 percent to $9.6 million. Turney received a salary of $1.3 million, stock and option awards valued at $4.3 million and incentive pay of $3.1 million.