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Gap CEO paid $5 million in 2009


San Francisco Gap chairman and CEO Glenn Murphy received compensation in 2009 valued at about $5 million, a decrease of 7% from the year-ago period.

Murphy took a temporary 15% pay cut in his base salary during the year -- from $1.5 million to about $1.3 million -- as part of a company-wide effort to cut costs.

That reverts back to $1.5 million in the current fiscal year.

He received a performance-based bonus of $3.6 million but no stock and option awards, similar to 2008. Murphy also received other compensation totaling $163,382.

In 2008, Murphy, who became CEO in August 2007, earned about $5.4 million.

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