The retailer, which recently filed Chapter 11, inked a deal to sell its North American business and intellectual property.
Industry CEO salaries
Looks like I am on the wrong career path. Forbes has released its annual list of salaries for the chief executive officers of America's 500 biggest companies. The CEOs, whose salaries received an aggregate 6 percent pay increase last year,...
Looks like I am on the wrong career path. Forbes has released its annual list of salaries for the chief executive officers of America's 500 biggest companies. The CEOs, whose salaries received an aggregate 6 percent pay increase last year, had a combined salary of $5.4 billion. Although jewelry-industry executives did not make it into the top 10, they do appear frequently on the list. Here's a look at some of the biggest earners:
Ranked at No. 17 is Robert J. Ulrich, 63, whose compensation totaled $39.63 million last year. Ulrich (the top retail executive on the list) has served as CEO of Target for the past 12 years. He has worked for the company for 39 years.
Ranked at No. 136 is H. Lee Scott Jr., 57, whose compensation totaled $10.46 million last year. Scott (the sixth highest-ranked retail executive on the list) has served as CEO of Wal-Mart for the past six years. He has worked for the company for 27 years.
Ranked at No. 141 is R. Lawrence Montgomery, 56, whose compensation totaled $10.05 million last year. Montgomery (the seventh highest-ranked retail executive on the list) has served as CEO of Kohl's for seven years. He has worked for the company for 18 years.
Also on the list are:
Terry J. Lundgren, 54, Federated Department Stores, ranked No. 208, total compensation of $6.9 million.
Myron E. Ullman III, 59, J.C. Penney, ranked No. 218, total compensation of $6.52 million.
James D. Sinegal, 70, Costco Wholesale, ranked No. 290, total compensation of $4.25 million.
Barry Diller, 64, IAC/Interactive Corp., (owner of HSN), ranked No. 320, total compensation of $3.59 million.
Aylin B. Lewis, 51, Sears Holdings, ranked No. 335, total compensation of $3.42 million.
Margaret C. Whitman, 49, eBay, ranked no. 370, total compensation of $2.91 million.
Blake W. Nordstrom, 45, Nordstrom, ranked no. 374, total compensation of $2.82 million.
Jeffrey P. Bezos, 42, Amazon, ranked no. 493, total compensation of $800,000.
The Latest

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Participants who attend any three Rings of Strength events will be awarded a special medal.

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The MJSA Mentor & Apprenticeship Program received the Registered Apprenticeship Program designation by the U.S. Department of Labor.

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Allison-Kaufman has received the honor for the fourth year in a row.

The company had a solid second quarter, with sales of non-charm jewelry outpacing sales of pieces in its core collections.

Its investment in micromechanics expert Inhotec will preserve skills essential to the watchmaking industry as a whole, said the company.

Nicolette Bianchi joins the wholesale provider with more than 15 years of cross-industry experience in marketing and product development.

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Longtime Casio executive Yusuke Suzuki is the new president and CEO of Casio’s U.S. subsidiary.

The full-day sourcing and networking event, slated for Aug. 18, will be followed by the fifth annual Mega Mixer Summer Soirée.

Model Georgina Rodríguez received a rock of an engagement ring, with her diamond estimated to be 35 carats, experts say.

The board elected 9 new directors at its recent ICA Congress in Brazil.

Three winners will receive a custom ring from Honest Hands Ring Co. inlaid with a piece of history from Denver-based distillery Stranahan’s.