This excerpt taken from the NRF DEF 14A filed Apr 24, 2009.
Ranking Among Peer Group
Historically, the Compensation Committee has used the peer group compensation data primarily to ensure that the total direct compensation for our executive officers is within a desired range of comparative pay of the peer group companies, which is evaluated annually based on our performance. Given the distressed nature of many companies within the Company's peer group and the Company's outperformance of the peer group in each of the categories described above, the Compensation Committee gave significant consideration to factors beyond the compensation paid by companies in the peer group and targeted compensation above the amounts projected for any of the companies in the peer group. Furthermore, while the Compensation Committee believes that peer group market compensation and performance data provide a useful starting point for compensation decisions, the Compensation Committee gave strong consideration to other factors that are consistent with our compensation objectives and determined that retaining discretion based on subjective criteria, particularly in difficult market conditions and where comparative compensation data may not be commensurate with the Company's performance, was in the best interests of the Company's stockholders.