Executive pay : TJX Companies Inc. (TJX)

The CEO of T.J. Maxx parent company TJX Companies Inc. Ernie Herrman reported $18.5 million in total compensation last year, a slight decrease from 2015, according to a regulatory filing.

The Framingham, MA company (NYSE: TJX) reported that CEO and President Ernie Herrman's pay included $1.5 million in salary, $9 million in stock awards, $ 613,574 in option awards and $ 5 million in non-equity plan incentive plan compensation.

Herrman was named CEO of TJX in October 2015, taking over from Carol Meyrowitz, who now serves executive chairman of the company. Meyrowitz reported $14.5 million in total compensation in 2016, down from the $19.6 million she reported the year before.

TJX, which sports a $51 billion market value and also owns discount-retail brands Marshalls and HomeGoods, has mostly escaped the challenges faced by other brick-and-mortar retailers.

 

For the fiscal year ended Jan. 28, 2017, TJX reported net sales of $33.2 billion, a 7 percent increase over the previous year.