Limited Brands CEO's Pay Fell To $19.2 Million Last Year
13 April 2012 - 6:09AM
Dow Jones News
Limited Brands Inc. (LTD) Chief Executive Leslie Wexner last
year received a 6% decrease in total compensation to $19.2 million,
according to a filing with the Securities and Exchange
Commission.
Wexner, who also carries the title of chairman at Limited,
received a base salary of $1.92 million, the same as the prior
year.
He earned $8.8 million in stock awards, a 1% increase; and $2.6
million in options, a 13% decrease.
Wexner's non-equity incentive-plan compensation, or his
performance-based bonus, was $4.9 million, down from $6.3 million
the prior year.
Other compensation was $649,000, mostly made up of contributions
to the company's retirement plan.
The parent company of Victoria's Secret and Bath & Body
Works commands a dominant position in the intimate-apparel and
beauty and personal-care segments, which has helped the retailer
post surging same-store sales and improved margins.
Limited's fiscal fourth-quarter earnings fell 21% as the
specialty retailer booked charges tied to the closure of some La
Senza stores, though adjusted profit climbed and topped the
company's own forecast.
-By Karen Talley, Dow Jones Newswires; 212-416-2196;
karen.talley@dowjones.com
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