Matthew D. Serra was the CEO of Foot Locker, Inc. from August 2009 until January 2010. He has a solid background in retail, leading the company during a transformative period. Under his leadership, Foot Locker's performance metrics were ambitious, achieving...

Matthew D. Serra was the CEO of Foot Locker, Inc. from August 2009 until January 2010. He has a solid background in retail, leading the company during a transformative period. Under his leadership, Foot Locker's performance metrics were ambitious, achieving an annual bonus of over $2.4 million in 2010 based on exceeding profit targets significantly. Serra resigned from his role as CEO but continued as Chairman until his planned retirement. During his tenure, his salary was $1.5 million, but it’s the bonuses associated with performance metrics like pre-tax profit that really highlight the incentives at play. Interestingly, when he resigned, he held around 61,828 shares in Foot Locker valued at approximately $7.7 million. Serra's approach seems rooted in aligning executive compensation with company performance, a strategy that reflects the broader goals of ensuring company success while rewarding leaders for hitting targets. This period captured both the challenges and possible triumphs of retail leadership during transitions. His legacy carries insights into executive compensation and performance management in the retail sector.