William L. McComb, chief executive officer of Liz Claiborne Inc., took a more than 30 percent cut in compensation last year as he led the firm through a continuing reorganization in the midst of a severe economic downturn.
McComb’s total earnings came to $3.5 million, 30.7 percent below the prior-year level of $5 million. His salary remained at $1.3 million. Whereas in 2008 he received $3.4 million in stock and option awards, last year he received a $942,000 option award but, as with the other named executive officers covered in Claiborne’s definitive proxy statement, no stock awards.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)