Bed, Bath and Beyond 2010 Annual Report Download - page 44

BED BATH & BEYOND PROXY STATEMENT
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EXECUTIVE OFFICERS
Set forth below is information concerning our executive officers as of May 6, 2011.
Name Age Position
Warren Eisenberg 80 Co-Chairman and Director
Leonard Feinstein 74 Co-Chairman and Director
Steven H. Temares 52 Chief Executive Officer and Director
Arthur Stark 56 President and Chief Merchandising Officer
Eugene A. Castagna 45 Chief Financial Officer and Treasurer
Matthew Fiorilli 54 Senior Vice President – Stores
The biographies for Messrs. Eisenberg, Feinstein and Temares are set forth above under Election of Directors (Proposal 1).
Biographies for our other executive officers are as follows:
Arthur Stark has been President and Chief Merchandising Officer since 2006. Mr. Stark has served as Chief Merchandising Officer
since 1999 and was a Senior Vice President from 1999 to 2006. Mr. Stark joined the Company in 1977.
Eugene A. Castagna has been Chief Financial Officer and Treasurer since 2006. Mr. Castagna served as Assistant Treasurer from
2002 to 2006 and as Vice President - Finance from 2000 to 2006. Mr. Castagna is a certified public accountant and joined the
Company in 1994.
Matthew Fiorilli has been Senior Vice President – Stores since 1999. Mr. Fiorilli joined the Company in 1973.
Mr. Temares, Mr. Stark, Mr. Castagna and Mr. Fiorilli, together with the following officers who are not considered to be executive
officers under the Exchange Act, comprise the Company’s Operating Team: Scott Hames, Vice President – Marketing and Analytics,
Richard McMahon, Chief Strategy Officer and Vice President – Corporate Operations, Allan N. Rauch, Vice President – Legal and
General Counsel, and G. William Waltzinger, Jr., Vice President – Bed Bath & Beyond Inc. – Corporate Development and President
– Harmon Stores, Inc.
EXECUTIVE COMPENSATION
Compensation Discussion and Analysis
The following is a discussion and analysis of our compensation programs as they apply to the Company’s principal executive
officer, principal financial officer and the three most highly compensated executive officers of the Company other than its
principal executive officer and principal financial officer for fiscal 2010, fiscal 2009 and fiscal 2008 (“named executive officers”)
whose compensation information is presented in the Summary Compensation Table following this discussion and analysis.
Overview of Executive Compensation
As described below, the Company has experienced strong growth and financial stability in the 40 years of its existence and, in
particular, in the 19 years since it became a public company. The Company believes that a key factor in this performance has
been the stability of its executive team. Including Warren Eisenberg and Leonard Feinstein, the Company’s Co-Chairmen and
Co-Founders, each of whom has served the Company’s business for 40 years, the Company’s executive officers have an average
tenure with the Company of over 30 years. The Company’s policy is to seek, at all levels, to promote from within. Thus, the
Company has been managed by a cohesive group of executives who have worked together for many years.
The Compensation Committee’s principal objective is to develop and implement compensation policies to retain this
successful executive group, while at the same time aligning the executives’ compensation with the Company’s performance
and enhancements to shareholder value. The cash compensation levels for our named executive officers (our Co-Chairmen,
Chief Executive Officer, President and Chief Financial Officer) and the other executives whose compensation is determined
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the Company has no bonus program for these executives. The Compensation Committee places greater emphasis on equity
compensation, consisting of stock options and restricted stock. Further, the Company’s equity compensation programs include