Fergie's Tech Blog

TJX CEO Received $6M in 2007 Compensation

An AP newswire article by Mark Jewell, via The Boston Globe, reports that:

TJX Cos. Chief Executive Carol Meyrowitz received compensation valued at nearly $6 million in 2007, her first year in the top job as the discount retailer's stock price held steady despite fallout from a massive data breach and a tough retail environment.

Meyrowitz received a base minimum salary of $1.4 million after being groomed to replace former interim CEO and current Chairman Bernard Cammarata at the start of TJX's last fiscal year on Jan. 28, 2007.

Meyrowitz, who added the CEO title to the president's role she's held since 2005, also received $2.3 million in compensation under a non-equity incentive plan, according to a Securities and Exchange Commission filing Thursday by the operator of nearly 2,600 stores including T.J. Maxx and Marshalls.

posted by Fergie @ 4/25/2008 04:03:00 PM