Robert McDonald, chairman, president and chief executive officer of Procter & Gamble Co., logged total compensation of $15.2 million last year, a 6.1 percent drop attributed to a smaller payout under an incentive program and a lower valuation for stock grants.
McDonald’s salary for the year ended June 30 was unchanged at $1.6 million, but his payout under the firm’s Short-Term Achievement Reward program fell to $2.4 million from $2.6 million, according to a filing with the Securities and Exchange Commission today.
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)