Carol Meyrowitz
Title: President and CEO
Company: TJX
Company rank: 131
Age: 55
Compensation: $8.6 million
Retail may be rough at the moment, but TJX is handling it better than most. Profits at the owner of T.J. Maxx and Marshalls rose 14.1% to $880.6 million for fiscal 2009 and sales climbed 4%. And though the fourth quarter ended Jan. 31 saw earnings decline 16.8%, the results still beat expectations in a sector that has had a brutal year.
Carol Meyrowitz is hoping budget-conscious consumers will continue turning to TJX's discounters, especially as the recession drags on: She's taking measures to cut approximately $150 million in costs, while growing with store expansions like the Marshalls Shoe MegaShop and 13 new A.J. Wright stores -- a chain that turned a profit last year for the first time since launching in 1998.
NEXT: Anne Mulcahy
Last updated April 21 2009: 3:48 PM ET
RSSCompensation figures include salary, bonus, stock awards, option awards, non-equity incentive plan compensation, change in pension value and non-qualified deferred compensation earnings and all other compensation as reported in the company proxy statement. Figures are for 2008 unless otherwise noted.
