Fabrizio Freda, president and chief executive officer of the Estée Lauder Cos. Inc., saw his pay drop 36.7 percent to $13.6 million for the year ended June 30.
Freda’s take included a salary of $1.8 million, options valued at $3.1 million and incentive pay of $4.5 million, according to a filing with the Securities and Exchange Commission. The big change came in the area of stock awards, which declined to $3.5 million from $13.1 million a year ago.
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