By  on September 28, 2009

Lower profits at Coach Inc. last year took a toll on the pay packages of Lew Frankfort and Reed Krakoff.

Frankfort, chairman and chief executive officer, saw his compensation slip 22.1 percent to $7.5 million for the fiscal year ended June 27, while Krakoff’s pay package fell 19.9 percent to $17.9 million. Krakoff is president and executive creative director of the New York-based accessories firm. Their salaries increased to $1.2 million and $2.5 million, respectively.

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