Myer Holdings Limited
(ASX:MYR) chief scored a 4.4 per cent pay rise in fiscal 2012 in the same period the department store retailer’s annual profit dropped almost 13 per cent.
The retailer’s annual report revealed at the end of last week CEO Bernie Brookes received $1.9 million in the last financial year, excluding long-term benefits.
Separately, The Australian reports a large parcel of Myer shares changed hands on Friday understood to be worth $19.4 million and accounting for about 1.7 per cent of the company’s shares on issue.
Shares in Myer Holdings rose 0.8 per cent on Friday to finish the week at $1.98.
Myer Holdings last month reported its net profit fell to $141 million in the 2012 financial year.
