Giant retailers in 2008 List of CEO pay
Medium-sized retailers have fallen by an average annual salary of chief executive officer of 23%. Equilar survey STORES commissioned 50 retail medium-sized listed companies, the average annual salary of its chief executive officer of a decrease of 26%.
Headquartered in California. Redwood Shores company Equilar survey manager of the Alexander Cwirko-Godycki, wrote in the report, during the financial crisis on the S & P 500 companies lifting the level of CEO pay, the CEOs of the retail industry purse has been reduced more serious situation.
Equilar released by the end of May in a listed company CEO pay survey report includes “STORES” 2008 was published 100 of the U.S. retailers, the list reflects a total industry overview of the pay of senior officials, there is no comprehensive analysis of pay physical, but also there is no single assessment of the industry’s highest-paid CEO.
100 retailers in 33 company CEOs have been in cash dividends, the company received 43 awards of shares, for a total of 22.9 million U.S. dollars. One of the Abercrombie & Fitch, President and CEO Michael Jeffries highest salary, he received 6.48 million U.S. dollars in cash dividends and the value of the share capital of 12,900,000 U.S. dollars.
Others receive a higher cash dividend also includes retail, CEO, Wal-Mart’s former president and chief executive officer H. Lee Scott, CVS / Caremark Chief Executive Officer and Chairman of Thomas Ryan, in his will in 2008 most of the energy spent on integration of Caremark Longs Drug Stores to buy the work.
There are seven other retailers, chief executive officer received more than 10 million U.S. dollars equity incentive companies, including Macy’s (Macy’s) the Chief Executive Officer and Chairman Terry Lundgren (1190 million U.S. Dollar), JC Penney’s president and chief executive officer Myron E. Ullman III (1146 million).
Recent phase, the relevant bodies for review, President of the proceeds have become more stringent, particularly in the environment over the past year of economic recession, with the collapse of Wall Street on the avalanche of news for business is reported that the outside of the public and shareholders and CEOs pay attention to the amount of high-ranking officials than the previous.
Britain and Australia since the introduction of the relevant laws to provide shareholders a priority (without interference) the right to vote in the pay, the United States for the attitude of the bill has been lukewarm. Obama said the president has more than one salary in the amount of high-ranking officials should be making a greater say to shareholders, so that shareholders have the right to vote to decide on the specific amount of pay.
Over the past fiscal year in the Abercrombie & Fitch, President and CEO Michael Jeffries pay rose 137 percent, most of them in its December 2008 equity awards.
On the other hand, there is a group of enterprises “white work” to the CEO, well-known high-end retailers such as Whole Foods Markets paid to the President and CEO John Mackey 33.831 dollars compensation, except for salaries other than cash dividends base is only one U.S. dollars. Apple’s Steve Paul Jobs (his base salary for one U.S. dollars), the two are the founders of their respective companies, the holding is also at the same base salary to low.
Chief Executive Officer of the majority of retailers than the salaries of 19 times higher than ordinary employees, the salary of the highest representatives of 652,000 U.S. dollars. Present, many CEO salaries are reviewed, and the Whole Foods on the news is mostly positive news. It is headquartered in Texas. Austin retailers in the internal capacity of the establishment of a salary program, the chief executive duties of the bonuses and binding, if the CEO’s performance was not good, not to create success for the company, he bonus abolished in accordance with the agreement.
The world’s largest department store Macy’s payroll in the issue of Chief Executive Officer has done a change, the company will be part of CEO bonuses and total investment return rate of the combination.

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