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.
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)