WASHINGTON — Gap Inc. paid its top executive about $17 million in estimated total pay for the year ended Jan. 28, according to a regulatory filing. The $17 million figure listed by the San Francisco-based clothing chain in its proxy statement doesn’t include $2.56 million in cash and a repricing of 1.1 million unvested options that Chief Executive Paul S. Pressler received in a tender offer during the year.
Pressler’s salary during the year remained at $1.5 million, and he received no bonus, compared with bonuses of $1.12 million for 2004 and $3.1 million for 2003, according to the Securities and Exchange Commission filing.
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Consumer confidence rebounds in March to a near four-year high
NEW YORK — Americans’ optimism in the economy rebounded in March, sending a widely followed barometer of consumer sentiment to a near four-year high, a private research group said Tuesday.
The Conference Board said that its consumer index climbed 4.5 points to 107.2, the highest level since May 2002, when the reading was 110.3. Analysts expected a reading of 102. The latest measure was up from 102.7 in February, which was down 4.1 points from January and broke a three-month rebound from last year’s Gulf hurricanes.
"The improvement in consumers’ assessment of present-day conditions is yet another sign that the economy gained steam in early 2006,” Lynn Franco, director of The Conference Board Consumer Research Center, said in a statement. "Consumer expectations, while improved, remain subdued and still suggest a cooling in activity in the latter half of this year.”<
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Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.