Retail Traffic

Macy's CEO Pay Cut

Macy's CEO Terry Lundgren took a $2.5 million cut in his cash payout in 2007, in a year when the company's profit and sales both declined. He did get a bump in salary and almost $700,000 in additional stock incentives for a total payout of $14.4 million. That compares with a pay package of $16.3 million in 2006.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish