Increases in stock and option awards were solely responsible for Ralph Lauren’s 7.2 percent boost in overall compensation, to $29.7 million, last year.
During fiscal 2011, Lauren, founder, chairman and chief executive officer of Polo Ralph Lauren Corp., saw the sum of his stock and option awards move up 37.4 percent to $8.6 million from $6.3 million in fiscal 2010. Those amounts reflect the “grant date fair value” of the awards and, because of vesting schedules and fluctuating stock prices, won’t necessarily be realized by Lauren.
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)