NEW YORK (AP) -- An Associated Press analysis shows that Sears Holdings Corp. paid its CEO, Lou D'Ambrosio, $9.9 million last year including incentives the ailing department store chain offered the former technology executive.
The company said in a filing Friday with the Securities and Exchange Commission that D'Ambrosio, who became CEO in 2011, received a salary of $930,769 plus a $150,000 signing bonus and $8 million worth of stock.
His compensation also included $803,856 to cover his commute by air and ground from the Philadelphia area, where he lives, to Hoffman Estates, Illinois, where the company is based.
Sears, whose brands include Lands' End and Kmart, as well as Sears, Roebuck, has struggled for years with stiffening competition from retailers of all stripes, from Wal-Mart Stores Inc. to Home Depot Inc.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.