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Blake Nordstrom Took a $2.1 Million Pay Cut in 2012

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Nordstom President Blake Nordstrom got a pay cut to the tune of $2.1 million last year, according to WWD. The department store, which has recently been jumpstarting a comeback of sorts, fell short of operating income target levels in 2012, and Blake Nordstom's bonuses (plural, bonuses) were reduced accordingly. Our guess? He's off drowning his sorrow with all those piano players he laid off.
· Blake Nordstrom's Pay Declines in 2012 [WWD]
· Nordstrom's Comeback Continues With Focus on Cheaper Fashion [Racked]