May 2, 2012 at 6:57 am
NEW YORK (AP) - Target is reporting it gave its chairman, CEO and president
Gregg Steinhafel a pay package in 2011 of $19.5 million, including stock and
option awards that combined valued at $8.5 million
The compensation, however, marks an 18 percent drop from the previous year,
when Steinhafel's total package was boosted by a big stock award that was
granted in March 2010 that was tied to his performance in 2009.
Steinhafel's base salary was $1.5 million _ the same as the year before. He
received a $1.25 million bonus and other compensation worth $5.5 million,
including $5 million in supplemental pension plan benefits, according to
Associated Press calculations.
Temp: 74°F (23°C)
Wind: 7 SW
Weather: Partly Cloudy