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TJX chief took home $28.7 million in 2014

Carol Meyrowitz took home $28.7 million in total compensation as the chief executive of the TJX Companies Inc. last year, according to the Framingham retailer’s most recent proxy statement.

Meyrowitz, who is among the highest paid executives in the state, received a 27.4 percent pay boost from the year prior, when she made $22.5 million. TJX is the parent company of T.J. Maxx, Marshalls, HomeGoods, and Sierra Trading Post.

Meyrowitz earned $16.5 million in stock awards and a base salary of $1.6 million. Her compensation also included $5.4 million from deferred compensation and a change in pension value, as well as $4.6 million through an incentive plan.

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The off-price retailer reported net sales of $29.1 billion, a 6 percent increase, and income of $2.2 billion, up nearly 3.6 percent from the year prior. TJX shares closed at $65.94 on the last day of trading in the fiscal year, a 15 percent increase from the previous year.


Taryn Luna can be reached at taryn.luna@globe.com. Follow her on Twitter @TarynLuna.