Pay Rises at Kenneth Cole, Mixed Packages for Other Firms
Pay packages for Kenneth Cole Production's top executives rose last year, while officers at Maidenform Brands Inc. kept pace with their 2006 compensation and Citi Trends executives saw a pay cut, according to filings with the Securities and Exchange...
Pay packages for Kenneth Cole Production's top executives rose last year, while officers at Maidenform Brands Inc. kept pace with their 2006 compensation and Citi Trends executives saw a pay cut, according to filings with the Securities and Exchange Commission.
The compensation of Kenneth Cole Production's chairman and chief executive officer Kenneth Cole increased 87 percent to $7.7 million in 2007 from $4.1 million a year earlier.
Cole's pay included a base salary of $1 million, stock and option awards valued at $2.7 million, deferred compensation of $3.1 million and use of a chartered plane valued at $64,119. Cole recently relinquished his ceo title to Jill Granoff, but will remain chairman and chief creative officer.
Douglas Jakubowski, president of the footwear and apparel firm, received total compensation of $1.1 million, which included a base salary of $500,000 and stock awards totaling $468,957. His 2006 pay was $601,924.
Maidenform Brands said its ceo and vice chairman Thomas Ward received total compensation of $1.6 million in 2007, which was on par with the year prior. Ward's compensation package included a base salary of $593,910 and stock and option awards of $459,323.
Maurice Reznik, president, took home a pay package of $1.2 million, which was equal to his total compensation in 2006. His compensation included a base salary of $501,071 and stock and option awards of $278,145.
Dorvin Lively, who resigned as Maidenform's executive vice president and chief financial officer last month, received compensation of $1.3 million last year, the same as in 2006. His base salary was $396,274 and stock and options totaled $673,465.
At urban-inspired specialty retailer Citi Trends Inc., R. Edward Anderson, ceo, registered compensation of $600,305, down from $746,363 in 2006. His base salary was $416,282 and he received stock and option awards of $172,324. Anderson was not awarded a bonus.
George Bellino, president and chief merchandising officer, also received a pay cut to $438,685 from $450,624. His pay package included a base salary of $287,817 and stock and option awards valued at $76,822.
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