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Newsroom Full Article

Zale CEO Gets $1.2 Million in Salary, Bonuses

October 14, 04 by Edahn Golan


Zale CEO Forte

Mary L. Forte, Zale Corp President and CEO, was paid a salary of $625,000 and received a $523,203 bonus last fiscal year. In a SEC filing on Tuesday the jewelry retailer also said Forte exercised $3.4 million in stock options.

 

In addition, she received $34,409, down from $71,791 in fiscal 2003, for financial planning, insurance and a car allowance.

 

Zale also awarded its CEO a restricted stock award valued at $678,500 in fiscal 2004.

 

Forte was paid $600,000 the year before, and received no bonus.



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