York-Based Bon-Ton Pays New CEO $5.7 Million

The Bon-Ton is in the red, but its new president and chief executive officer will be in the pink.

Brendan L. Hoffman will start with a $5.7 million compensation package, consisting of annual salary, various bonuses and restricted stock.

The York-based retailing chain disclosed the pay Wednesday in a filing with the Securities and Exchange Commission.

In the filing, The Bon-Ton said the former Lord & Taylor CEO will begin with a $1 million salary.

Read more: http://lancasteronline.com/article/local/575163_Bon-Ton-pays-new-CEO–5-7-million.html#ixzz1kih3jxG3

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