LITTLE ROCK — ’11 income doubled, Dillard’s CEO reports
William Dillard II, chief executive officer of department store chain Dillard’s Inc., earned almost $8.4 million last year, the Little Rock firm said in a federal filing.
Dillard’s income was more than twice his $4.1 million earnings in 2010.
Last year, Dillard had a salary of $900,000, $3.4 million on the exercise of stock options and $4.1 million in other compensation.
Other executives and their total income last year were:
Alex Dillard, president, made $8.6 million, more than twice the $4 million he made in 2010.
Mike Dillard, executive vice president, $3.5 million, two-thirds higher than the $2.1 million he earned in 2010.
Drue Matheny, executive vice president, $3.9 million, 93 percent higher than the $2 million she made in 2010.
James Freeman, chief financial officer, $2.4 million, 8 percent higher than the $2.2 million he earned in 2010.
February jobless rate
mixed across state
The unemployment rate in February dropped in three Arkansas metropolitan areas, rose in two and was unchanged in two, the U.S. Bureau of Labor Statistics said Tuesday.
Northwest Arkansas had the lowest unemployment rate in the state in February at 6.4 percent, down from 6.7 percent in February last year.
The Little Rock area had an unemployment rate of 7.4 percent, up from 7.1 percent in February last year.
Other February unemployment rates in Arkansas’ metropolitan areas, compared with February 2011, were:
Texarkana, 7.1 percent, down from 7.5 percent.
Pine Bluff, 10.3 percent, down from 10.4 percent.
Jonesboro, 8.1 percent, up from 7.9 percent.
Hot Springs, 8.8 percent, unchanged from last year.
Fort Smith, 9.1 percent, unchanged.
Arkansas’ unemployment rate was 7.6 percent in February, and the country’s rate was 8.3 percent.
State index plunges 3.99 as 14 stocks fall
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 3.99 to 223.01 on Tuesday.
“A rough day for U.S.
stocks, suffering their biggest decline of the year over another round of European worry combined with anxiety over the pending earnings season.
The Arkansas Index followed the overall market lower as 14 stocks declined while only two rallied,” said Chris Harkins, senior vice president and managing director of Delta Trust Investments Inc. in Little Rock.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 23 on 04/11/2012