By  on September 23, 2008

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.

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