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This excerpt taken from the TJX DEF 14A filed Apr 27, 2009. Compensation
Consultant and Benchmarking
The ECC is advised by Frederic W. Cook & Co., Inc., or
Cook, an independent compensation consultant, engaged by and
reporting to the ECC. Cook does not perform any services for TJX
other than its work for the ECC. In general, Cook advises the
ECC with respect to the competitive positioning of base salary,
annual bonus and long-term incentives for senior management,
including our named executive officers.
The ECC generally benchmarks total compensation of our named
executive officers and each of the elements of that compensation
against a group of 12 peer companies that are large, publicly
traded retailers selected by the ECC. The peer group included
Circuit City Stores, Inc., Dillard’s, Inc., Macy’s,
Inc., The Gap, Inc., Kohl’s Corporation, Limited Brands,
Inc., Nike, Inc., OfficeMax Incorporated, J.C. Penney Company,
Inc., Ross Stores, Inc., Staples, Inc. and Target Corporation.
Substantially the same peer group has been used over a number of
years, and the ECC considers revisions each year to reflect
changes in the peer group and TJX with the advice of the
ECC’s compensation consultant and our management. Although
the ECC uses peer group data to provide context for its own
determinations, it does not calibrate compensation or any
element of compensation for our named executive officers with
any specified level at the peer group.
This excerpt taken from the TJX DEF 14A filed Apr 24, 2008. Compensation
Consultant and Benchmarking
The ECC is advised by Frederic W. Cook & Co., Inc., or
Cook, a compensation consultant, engaged by and reporting to the
ECC. Cook advises the ECC with respect to the competitive
positioning of base salary, annual bonus and long-term
incentives for members of management, including our named
executive officers.
The ECC benchmarks total compensation of our named executive
officers and each of the elements of that compensation against a
group of 12 peer companies that are large, publicly traded
retailers selected by the ECC. Substantially the same peer group
has been used over a number of years, and the ECC considers
revisions each year to reflect changes in the peer group and TJX
with the advice of the ECC’s compensation consultant and
our management. The peer group for fiscal 2008 was Circuit City
Stores, Inc., Dillard’s, Inc., Macy’s, Inc., The Gap,
Inc., Kohl’s Corporation, Limited Brands, Inc., Nike, Inc.,
OfficeMax Incorporated, J.C. Penney Company, Inc., Ross Stores,
Inc., Staples, Inc. and Target Corporation. Although the ECC
uses peer group data to provide context for its own
determinations, it does not calibrate compensation or any
element of compensation for our named executive officers with
any specified level at the peer group.
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