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Gap CEO's total compensation jumps 49%


New York City Gap reported Tuesday that its CEO Glenn Murphy's total compensation last year jumped 49% to $9.33 million. The report came in a regulatory filing with the Securities and Exchange Commission Tuesday.

A big part of the jump came from $3.02 million in non-equity compensation under the company's annual incentive bonus plan that Murphy didn't receive in the prior year. His salary and option awards almost doubled to $1.5 million and $3.22 million separately, while his stock awards fell by more than two-fifths.

Murphy didn't receive a bonus last year, compared with a 2007 bonus of $2.14 million, the company said in the filing.

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