Robert McDonald might have had a rocky exit from The Procter & Gamble Co., where he was pressured by activist investor William Ackman, but he left with compensation of $15.9 million for his final year of service.
That marked a 4.8 percent pay raise for the former chairman, president and chief executive officer, who stepped down at the end of the fiscal year on June 30. His pay package included $1.6 million in salary, a $3.3 million bonus and stock and option awards valued at $10.7 million. He might not ultimately realize the stock compensation given fluctuations in share price and vesting schedules.
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)