Gap CEO Takes A Pay Cut


	Gap CEO Takes A Pay Cut

Lauren Sherman

3-19-2009 5:44 PM

463 views

tags:

gap, glann murphy, retail, pay cut

Lauren Sherman says:

When Gap CEO Glenn Murphy joined the company back in 2007, he shaved off overhead. Now he's shaving off his own salary.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0c5fc5af-5c14-47a4-80e2-dc3e49bba662/17670CEC-D5CB-4D17-B1CB-D11320FF32C1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.trurodaily.com/index.cfm?sid=233331&sc=425" href="http://www.trurodaily.com/index.cfm?sid=233331&sc=425" style="font-size: 11px;">www.trurodaily.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.trurodaily.com/index.cfm?sid=233331&sc=425"> Inc. announced Wednesday that its chairman and CEO Glenn Murphy has volunteered to take a 15 per cent cut in his salary this year as part of a series of moves aimed at cutting costs amid the pullback in consumer spending.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/17670CEC-D5CB-4D17-B1CB-D11320FF32C1/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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