In a regulatory filing with the Securities and Exchange Commission on Friday, J. Crew Group reported Millard “Mickey” Drexler, chairman and ceo, earned total compensation of $1.9 million last year, down from $2.8 million in 2007.
Drexler’s $200,000 salary remained the same as the previous year. Although his stock and option awards rose 60.7 percent, to $1.7 million from $1 million in 2007, he and the other listed J. Crew executives received no bonuses in 2008, because the company failed to meet designated performance goals. Drexler collected a $1.5 million bonus in 2007 and $1.6 million in 2006.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"