Liz Claiborne CEO Takes Pay Cut in 2009 (LIZ)
Wednesday, March 17, 2010 - 15:08
Written on Wed, 03/17/2010 - 3:08pm
By Chip Brian

3/17/2010-Liz Claiborne Inc.'s (NYSE:LIZ) CEO Bill McComb saw his pay package fall by nearly one third in 2009, to $3.49 million from $5.03 million the previous year, according to a filing with the Securities and Exchange Commission.
Bill McComb retained his $1.3 million base salary, and received a $975,000 cash bonus from the apparel company. He received no stock awards after getting shares valued at $1.57 million in 2008. His stock options were cut nearly in half, to $941,532, from $1.8 million the year before.
In addition, McComb received $127,200, or about $10,000 a month, for an apartment the company leases for him in New York City, the same amount as in 2008.

Keywords: claiborne

Ticker(s): LIZ CEO PAY CUT

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