New York City -- American Eagle Outfitters will pay a signing bonus of $3.3 million along with a base salary of $1 million to its new incoming CEO Robert L. Hanson, the Pittsburgh Business Times reported.

Hanson takes over for the chain’s longtime chief executive James V. O’Donnell, who is set to retire Jan. 28.

For the full story, go to: bizjournals.com/pittsburgh/news/2011/11/21/american-eagle-new-ceo-gets-33m-bonus.html?ana=yfcpc