Carol Meyrowitz, CEO of TJX Cos. Inc. and one of the highest-paid executives in Central Massachusetts, saw her official total compensation drop to $11.1 million for fiscal 2012, down from $23.1 million the previous year, according to financial documents filed by the company.
The Framingham-based discount retailer said the apparent reduction in total compensation partly reflected the fact that performance-based stock awards intended as compensation for fiscal 2012 were actually awarded in fiscal 2011. The company's filing shows stock awards of $12.6 million in FY2011, but nothing in FY2012.
A more substantive change in compensation came in Meyrowitz's base salary, which fell from $1.6 million to $1.3 million, reflecting the shift of some day-to-day responsibilities to company president Ernie Herman.
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