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In April, the sudden death of Lee Delaney, the CEO of BJ’s Warehouse Club, set into motion a chain of executive moves in which former Controller Laura Felice replaced CFO Bob Eddy, who took over as CEO.

With all due respect to the difficulties and grief involved, I couldn’t help noticing the salaries being offered to the newly named executives. The new CEO received the same $1.2 million that Delaney had earned, but Felice’s salary was set at $600,000, nearly $200,000 less than what Eddy had been making.

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