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.
His salary remained unchanged at $1.25 million, and his cash bonus — technically “nonequity incentive plan compensation” — was unchanged at $19.5 million, the maximum amount provided for in both years.
Details of Lauren’s compensation were disclosed in the preliminary proxy filed with the Securities and Exchange Commission on Thursday.
The document highlights the fact that there were no changes in the base salaries, bonus opportunities or equity award provisions for named executive officers between 2010 and 2011, “even though fiscal 2011 net income before taxes exceeded fiscal 2010 by approximately 20 percent.”
The only column on Lauren’s compensation showing a decline was “all other compensation,” which fell just over 50 percent to $332,000 from $676,000, as reimbursement for personal travel fell to $200,000 from $558,000.
Roger Farah, Polo’s president and chief operating officer, had a 1.1 percent increase in overall compensation to $19.5 million from $19.3 million. His salary and cash bonus were unchanged at $900,000 and $9.9 million, respectively, while stock and option awards rose 2.1 percent to $8.5 million, versus $8.4 million. Total compensation for Jackwyn Nemerov, executive vice president, was essentially unchanged at $10.1 million.
Polo’s 2011 profits rose 18.4 percent, to $567.6 million, as revenues were up 13.7 percent to $5.66 billion.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty