Martin Waters, chief executive officer of Victoria’s Secret & Co., saw his total pay slip 3 percent to $12.5 million last year.
Public companies detail executive compensation in their annual proxy statements filed with the Securities and Exchange Commission. The filing is designed to give shareholders information ahead of the firm’s annual meeting, which will be held this year on May 25.
A letter from Waters and the Victoria’s Secret chair Donna James said the company was two years into a five-year turnaround. retailer of intimate apparel and defined the three pillars of our strategy to achieve that goal: strengthen the core, ignite growth [and] transform the foundation,” the duo wrote.
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