Last year, it's reported that Nordstrom's president took a 36% cut in compensation due to the weaker retail market.  While it's great to see that some of the 'higher' executives are taking some hits...it's really kind of bad when you look at how much that comes out to be.  His compensation went down to $2.3 million from $3.6 million in 2006.  Awww.  Now he might have a hard time buying those groceries.

Ok...I know.  These executives run some large companies...but lots of them would be nowhere if it wasn't for the middle-manager or sales clerk.  I think there is a lot more they can do to save some money.

What does everyone else think?