Sunday, October 26, 2008

David Jones CEO's pay cut, to $7m

David Jones CEO Mark McInnes took home $6.87 million last financial year, after the upmarket department store retailer boosted its annual profit by 25 per cent.

But Mr McInnes' pay was higher last year, when he pocketed a total of $7.14 million.

His pay package for 2008 included a salary of $1.91 million, a cash bonus of $3.09 million and $1.74 million in long term incentive plan rights.

About 70 per cent of Mr McInnes' payout was performance related, David Jones said in its annual report released today.






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