In the executive pay derby, Victoria’s Secret president and chief executive officer Sharen Turney pulled ahead of her boss, Leslie Wexner, and Gap Inc.’s chairman and ceo Glenn Murphy last year.
Turney’s compensation rose 167 percent to $25.6 million, which included a $1.4 million salary, cash incentive pay of $2.4 million and stock and option awards valued at a total of $20.9 million. She might never realize the stated value of stock compensation given vesting schedules and share price fluctuations.
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)