Mark Parker, president and chief executiveofficer of Nike Inc., saw his 2009 pay package expand 84.4 percent — andthe cash portion of it more than double. Parker earned a total of $13.1million last year, up from $7.1 million in the prior year, as hissalary moved up marginally — jumping 0.8 percent to $1.5 million — buthis nonequity incentive plan compensation nearly quintupled to $4.4million from $900,000. The sum of Parker’s stock and option awardsexpanded 53.7 percent to $7 million from $4.6 million in 2008. Excludingthese awards, Parker took in $6.1 million last year versus $2.6 millionin the prior year. Because of fluctuating stock prices and vestingschedules, awards aren’t necessarily realized by the executive, butcompanies are required to include them in executive compensation tableswhen submitting proxy statements to the Securities and ExchangeCommission, as Nike did late Monday.
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?"