Limited’s CEO got 50% compensation boost in ’09

Associated Press

NEW YORK

The CEO of Limited Brands Inc. received a 50 percent pay boost last year as the Victoria’s Secret and Bath and Body Works parent company tried to keep people shopping during the recession, according to an Associated Press analysis.

Leslie Wexner’s total compensation was valued at $10.4 million.

Wexner’s base salary totaled $1.9 million in 2009, about the same as 2008. He received a performance-related bonus of nearly $5 million, more than triple the amount he received in 2008.

His 2009 compensation also included stock options and restricted stock valued at $2.4 million on the day they were granted, according to the filing with the Securities and Exchage Commission. In 2008, he received similar awards valued at $1.9 million.

Wexner, 72, received perks valued at $1.2 million in the company’s fiscal 2009, which ended in January. That figure was about the same as the value of perks he received from the previous year.

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