Executives’ wallets remained healthy last year, despite management shifts at some prominent companies. Headlining departures included Paul Charron, former chairman of the board and chief executive officer of Liz Claiborne Inc., and Mark Weber, former CEO of Phillips-Van Heusen Corp. When added together, the top 10 vendors made nearly $89 million in their compensation packages.* An interesting note: The top 10 vendor executives this year are all men—the top-ranked woman, Trudy F. Sullivan, outgoing president of Liz Claiborne Inc., comes in at number 12.
RALPH LAUREN, 67, CHAIRMAN OF THE BOARD AND CEO, POLO RALPH LAUREN CORP. Total value:$25.9 million Base salary: $1 million; bonus: $0; stock and options: $8.2 million; other: $16.6 million Hats off to Lauren, whose company’s strong growth continued last year. Lauren said in a statement in March, “We have made significant progress on all fronts, from opening new luxury stores to initiating steps to expand our accessories business in new categories, such as watches and fine jewelry, to taking direct control of our Japanese business and our Internet business.”
ROGER N. FARAH, 54, PRESIDENT AND CHIEF OPERATING OFFICER, POLO RALPH LAUREN CORP. Total value: $12.5 million Base salary: $900,000; Bonus: $0; stock and options: $8.6 million; other: $3 million Farah is another executive riding the wave of Polo’s growth, which saw profits rise 30.2 percent to $400.9 million and total revenues increase by 14.7 percent to $4.3 billion in the year ended March 31. Farah joined Polo in 2000 and has helped direct its global retail expansion.
PAUL R. CHARRON, 64, FORMER CHAIRMAN OF THE BOARD AND CEO, LIZ CLAIBORNE INC. Total value: $9.8 million Base salary: $1.5 million; bonus: $0; stock and options: $7.9 million; other: $428,739 It’s been a wild ride lately at Liz Claiborne, which reported a 65 percent decline in profits for the second quarter in a row. In November, Charron retired as chairman and CEO to become chairman emeritus, and remains as a consultant for the rest of this year. He was replaced by William L. McComb.
ROBERT MARGOLIS, 59, CHAIRMAN AND CEO, CHEROKEE INC. Total value: $8.8 million Base salary: $737,000; bonus: $8 million; stock and options: $0; other: $21,000 After cofounding the apparel division of Cherokee in 1981, Margolis became co-chairman of the board, president and CEO in 1990, and chairman of the board in 1993. He then resigned all of his positions in the fall of 1993, but rejoined the company once again as chairman and CEO in 1995.
EMANUEL CHIRICO, 50, CEO, PHILLIPS-VAN HEUSEN CORP. Total value: $6.7 million Base salary: $992,436; bonus: $0; stock and options: $1.7 million; other: $4 million At Phillips-Van Heusen’s shareholder meeting in June, Chirico outlined a retail strategy to open full-price Calvin Klein white label stores in the U.S. over the next 24 months. Chirico replaced Mark Weber as CEO on Feb. 27, 2006, after previously serving as PVH’s president and chief operating officer.
KENNETH P. PUCKER, 44, EXECUTIVE VICE-PRESIDENT AND CHIEF OPERATING OFFICER, TIMBERLAND CO. Total value: $6 million Base salary: $536,250; bonus: $0; stock and options: $5.2 million; other: $246,168 For Timberland’s first-quarter performance, total revenues were $336.3 million, down 3.9 percent from the year-ago quarter, as the company experienced declines in sales of boots and kids’ footwear. Pucker joined Timberland in 1992 but left the Stratham, N.H.–based company in March.
JEFFREY B. SWARTZ, 47, PRESIDENT AND CEO, TIMBERLAND CO. Total value: $5.6 million Base salary: $818,750; bonus: $0; stock and options: $4.2 million; other: $603,864 Swartz is the third generation of the family to lead Timberland—his grandfather, Nathan, founded the brand in 1952. The name was officially changed in 1978. Swartz has been president and CEO of Timberland since June 1998, and he’s been with the company since 1986.
MARK WEBER, 58, FORMER CEO, PHILLIPS-VAN HEUSEN CORP. Total value: $5 million Base salary: $91,667; bonus: $0; stock and options: $0; other: $5 million Weber succeeded Bruce Klatsky as CEO of Phillips-Van Heusen Corp. in 2005 but left the company in February 2006. He since has become CEO of LVMH Inc. (U.S.) and chairman and CEO of Donna Karan International, a subsidiary of LVMH. Weber received severance payments totaling $2.5 million.
JOSEPH R. GROMEK, 60, PRESIDENT AND CEO, WARNACO GROUP INC. Total value: $4.3 million Base salary: $991,667; bonus: $954,400; stock and options: $2 million; other: $296,236 Gromek, who has been president and CEO since 2003, told analysts in May, “We are truly a global company with nearly 50 percent of our revenues generated outside of the U.S. Our acquisition last year of Calvin Klein Jeans Europe and Asia reflected that vision and is driving our performance today.”
KENNETH D. COLE, 53, PRINCIPAL EXECUTIVE OFFICER, KENNETH COLE PRODUCTIONS INC. Total value:$4.1 million Base salary: $1 million; bonus: $0; stock and options: $1.5 million; other: $1.6 million Though the company has lost two key executives this year—chief operating officer Joel Newman and Kenneth Cole New York brand president Joshua Schulman—Cole, the company’s founder, remains in his seat. Cole has served as the company’s chairman and CEO since its inception in 1982.
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)
Not only does #TheProfit return to CNBC tonight, but @marcuslemonis has launched @shopmarcus, a new shopping and lifestyle retail experience in Aspen and Chicago, with more locations to come. The retail stores offer in-store stylists and a variety of contemporary womenswear selections.
“It’s life, I’m going to face it,” @mingxi11 sighed. “I fell, but you know, I think the most important thing is that I get back up. I had the love, the help from my sister — the girl next to me Gizele [Oliveira] — she’s so nice. When I went backstage everybody was trying to comfort me like ‘Oh Ming, it’s OK.’ I’m really, really touched. I think it’s them who gave me the courage to go back on stage for the finale,” Xi told WWD of her fall at the @victoriassecret fashion show. (📷: David Fisher) #wwdfashion #vsfashionshow #victoriassecret
@louisvuitton tapped @therealpeterlindbergh for its latest city-centric photo book, which is part of a series called Fashion Eye. The primarily black and white book captures the spirit of Berlin in 57 images shot between 1989 and 2019. “Berlin is an inspiration for me, more than a city. I mean @millajovovich is simply Berlin!” said Lindbergh. #wwdfashion
“You know, I think audiences expect a certain performance so I have to deliver to them what they’re expecting to a certain degree. But I’m also a different actor and a different person, I have my own spin on the character,” says @noahegalvin of his takeover of the leading role in “Dear Evan Hansen” following the departure of @bensplatt, who originated the role. Read WWD’s interview with the 23-year-old actor on WWD.com #wwdeye (📷: @jilliansollazzo)
For pre-fall 2018, @etro created richly-colored wonderland, using tapestries, textiles and wallpapers from the Eastern world at large. The line featured floral and graphic prints and jacquard motifs, like this two-piece look featured here. #wwdfashion (📷: Giovanna Pavesi)
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)