Who makes the big retail bucks?
Warren Shoulberg -- Home Textiles Today, June 4, 2014
New York – Tales of six, seven and even eight-figure compensation packages are becoming a fact of life in American business these days and the retail industry is no different.
The Wall Street Journal has just published a list of the highest paid U.S. executives, and while plenty of the usual suspects are represented, they may not be in the order or with the attached dollar amounts some people would think.
Compensation packages, as measured by this survey, often had little to do with the overall size or profitability of the company the executive worked for and many times, the correlation seemed to be in direct disproportion to either…or both.
A total of 20 retailing ceos with stores selling home and textiles products were represented on the list of 300 highest paid executives in American business, starting at number 27 and going number 298.
Home & Textiles Today crunched some numbers – some pretty big numbers – and here’s the list of the highest paid retailing executives from the home industry.
And if you’re keeping score, none of them even came close to the highest paid exec overall, Larry Ellison of Oracle, who took home $76.9 million last year.
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