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Guess Principals See Pay Divergence

At Guess, Maurice Marciano's pay is up while Paul Marciano's shrinks slightly.

Guess Inc. chief executive officer and vice chairman Paul Marciano saw his total compensation fall 0.3 percent last year, while his brother, Maurice Marciano, the company’s chairman, scored a 29 percent raise.

This story first appeared in the May 20, 2009 issue of WWD.  Subscribe Today.

The ceo’s total compensation slid to $15.2 million from $15.3 million in 2007, according to a regulatory filing with the Securities and Exchange Commission. His stock and option awards were reduced 11 percent to $6.4 million versus $7.2 million, while his nonequity incentive plan compensation shrank to $1.8 million from $5.9 million. All other compensation was $92,644, of which the ceo spent $31,439 on automobile expenses.

However, Maurice Marciano’s total compensation rose to $7.9 million from $6.1 million in 2007. His stock and options awards grew 67.8 percent, valued at $2.4 million from $1.4 million in 2007. All other compensation totaled $325,549. Of that sum, $260,962 was for home security.

The salaries of the ceo and chairman were unchanged at $1 million.

Stock and option awards are reported based on SEC accounting guidelines. The compensation reported in these categories was not necessarily realized because of vesting schedules and falling share prices.