Talbots (TLB) is making drastic cuts aboard the ship -- for everyone, that is, but the captain.Shares of the women's apparel retailer plunged 13% to $6.13 in late-day trading Monday, following an announcement on Friday that the company will dole out $1.2 million to its CEO and President Trudy Sullivan.
Talbots Pays Execs; Market Makes it Pay
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