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.
A.G. Lafley, who handed the reins over to McDonald in 2009 and retook the helm in June, received compensation of $2 million, most of which came in the form of a $1.6 million bonus.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)