Lowe’s CEO took pay cut in 2014

MOORESVILLE, N.C. — Lowe’s CEO saw a pay reduction of almost 24% last year, mostly because of a drop in stock awards, the Charlotte Observer reports. In a new securities filing, the company disclosed that Robert Niblock earned $14.3 million in 2014, down from $18.7 million in 2013. The company explained that 2013’s stock awards were higher than in 2012 and 2014 because of an increase to a new stock grant given to executives to compensate for a change in timing that delayed the granting of executive stock in 2013 from March to September.