Maurice Marciano, chairman of Guess Inc., chose to work without a salary last year, but managed to double the cash portion of his compensation on performance-based bonus payments.
Marciano’s total compensation was $5.6 million, 38 percent less than the $9.1 million reported for 2008, according to the company’s definitive proxy statement filed Tuesday with the Securities and Exchange Commission. Stripping out the noncash portion of this amount, including stock awards and change in pension value and nonqualified deferred compensation, his cash payments rose to $2.7 million from $1.3 million.
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)