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Staples CEO’s $8.9 million 2011 compensation down 40%
Staples Inc. (Nasdaq: SPLS) CEO Ronald Sargent saw his total compensation fall by more than 40 percent last year, to $8.86 million. His base salary rose, slightly, but stock awards were less than one third of 2010’s total.
In 2011, Staples chairman and CEO Sargent collected $8.86 million in base pay, stock awards and other compensation, about half of the $15.1 million the retail executive brought home in 2010, according to an SEC filing.
The cut in compensation was due to a smaller stock award in 2011. Sargent brought home $2.27 million in stock awards last year, compared with $7.69 million in 2010.
In fact, Sargent’s base salary rose in 2011, to $1.17 million, from $1.14 million in 2010.
Shares of Staples were priced at $15.66 at Friday’s close. The retail chain’s 52-week share price range is $11.94 to $21.50. There are six Staples store locations in Albuquerque.
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