TJX Cos. CEO Carol Meyrowitz got a massive pay boost last year as her compensation nearly doubled to $21.7 million, according to documents the Framingham-based company filed with the Securities and Exchange Commission yesterday.
A spokeswoman for the off-price retailer said Meyrowitz's compensation was "heavily weighted towards performance-based incentives in 2012."
"TJX delivered excellent, well-above-plan performance in 2012, increasing sales by 12 percent, earnings per share by well over 20 percent and total return to shareholders to 36 percent," said TJX Cos. spokeswoman Sherry Lang.
In addition to Meyrowitz's base salary of $1.4 million, she was awarded $11.4 million in stock and option awards; $6 million in incentive plan compensation; $2.7 million in deferred compensation; and $48,550 in other benefits — including $36,594 for auto transportation and $5,940 for financial planning and legal services, according to SEC documents. Meyrowitz was paid $11 million in 2011.
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