Target, Kohl's paid execs biggest bucks

For a second straight year, Target Stores chairman and CEO Robert Ulrich nailed down the top spot as the most highly compensated retailer in America, taking home a paycheck of $18.2 million, roughly 50% more than second-ranked Lawrence Montgomery, CEO of Kohl's, who took home $12.2 million. Ulrich's rich 2002 compensation package - salary plus bonus plus stock options - gave him a pay raise of slightly more than 20% over his 2001 earnings of $15.1 million. And it was more than triple the $6.0 million he made in 2000, when he was ranked just 12th in the Home Textiles Today Executive Compensation Report, when he actually earned less, though not for long, than Art Stark or Steven Temares at Bed Bath & Beyond. Retail executives and their compensation are ranked.