Coach Inc.’s president and executive creative director Reed Krakoff outearned his boss, chairman and chief executive officer Lew Frankfort, by a better than two-to-one margin last year.
In a proxy statement filed on Friday with the Securities and Exchange Commission, Frankfort’s total compensation for the fiscal year ended June 28 was listed as $9.7 million, a 2.4 percent dip from $9.9 million a year ago. But Krakoff, his pay package enriched by a bonus for signing a new contract, earned $22.4 million in total compensation, up from $18 million in 2007.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"