Limited Brands Inc.’s chief executive, Leslie H. Wexner’s base salary is being frozen at its current level this year after a 10.4 percent increase in total compensation last year, while his counterpart at Gap Inc., Glenn Murphy, is taking a 15 percent pay cut.
These were among the disclosures regarding executive pay Wednesday as Limited filed its preliminary proxy with the Securities and Exchange Commission and Gap said it was cutting the size of the board to 10 members from 13 and reducing the retainers and compensation of the surviving members by 15 percent.
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)