"Lower profit means less for executive" by Ashley M. Heher, Associated Press | April 28, 2009
CHICAGO - As office supply retailer Staples Inc.'s profit fell in 2008, CEO Ronald L. Sargent's compensation declined 58 percent to $12.6 million, less than half of what he received the year before, according to Associated Press calculations based on a regulatory filing yesterday.
The 53-year-old, who is also chairman of the Framingham, Mass.-based retailer, did not receive a performance-based cash bonus in 2008. His bonus was $621,000 the previous year. Sargent received other perks valued at $483,963. He received perks worth $471,292 in 2007.
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Bad enough they are looting companies for millions in salaries, but must the companies PAY THEIR LIVING EXPENSES???
Isn't that what YOUR HOURLY WAGE is, worker?
NEW YORK - TJX Cos.' chief executive and president, Carol Meyrowitz, received compensation valued at $6.85 million last year, up 15 percent compared with the previous year, according to an Associated Press calculation of figures disclosed by the discount retailer in documents filed yesterday.
This while the economy crapped out and millions had their jobs taken from them, 'eh?
TJX, huh?
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Meyrowitz received a base salary of $1.5 million, up more than 7 percent from the $1.4 million salary she received the year before, according to the Securities and Exchange Commission filing. She also received a performance-based cash bonus of $2.26 million and perks totaling a little over $43,000.
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Related: It Pays to Be a CEO
