William L. McComb, chief executive officer of Liz Claiborne Inc., saw his total compensation fall 18.9 percent to $5.4 million last year, according to a filing with the Securities and Exchange Commission.
The decline came primarily in the area of stock grants, which fell to zero from a value of $2.2 million in 2010. But McComb saw his bonus, which was categorized as nonequity incentive plan compensation, increase to $2 million from $400,000. The ceo’s salary held steady at $1.3 million. He also received stock options valued at $2 million, although he might not see that money given vesting schedules and changes in stock price.
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)