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Limited Brands CEO's pay up 50% last year


New York City The CEO of Limited Brands received a 50% pay boost last year as the Victoria's Secret and Bath & Body Works parent company tried to keep people shopping during the recession.

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. In 2008, he received similar awards valued at $1.9 million.

Wexner 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. His perks last year included $930,000 for security, $276,774 in contributions to his retirement plan, $4,784 for reimbursement of medical costs not covered by the company's health plan, and $10,847 for taxes.

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