TJX Cos. CEO Carol Meyrowitz was paid $23 million in total compensation last year when the company posted higher profits but had to close its A.J. Wright chain and lay off 4,400 workers.
Meyrowitz’s salary rose slightly to $1.6 million, but the pay package jumped by 33 percent thanks to a big boost from stock awards, totaling $12.6 million, and an increase in the value of her retirement benefits, according to a company regulatory filing today.

TJX, the Framingham-based operator of discount chains T.J. Maxx, Marshalls and HomeGoods, saw its profit rise nearly 11 percent to $1.34 billion last year, when it rang up nearly $22 billion in sales.

The off-price retailer has been attracting penny-pinching shoppers seeking bargains on name-brand clothing and home fashions.

TJX stumbled in the fourth quarter as costs to shutter its A.J. Wright chain and cut 4,400 jobs hurt the bottom line.

Meyrowitz, 57, has been CEO since January 2007. The company extended her employment contract in February by two years.

Source：Biz Smart