• FRANKFORT PAYDAY: Coach chief executive Lew Frankfort received $775,000 in salary and $1.2 million in bonuses during the fiscal year ended June 28, versus $708,000 and $942,000, respectively, during the prior year. Additionally, according to a proxy statement filed with the Securities and Exchange Commission Wednesday, he realized $42.9 million from the exercising of options during the year, having acquired nearly 1.9 million shares of stock. Coach shares closed up 4.1 percent at $56.83 in New York Stock Exchange trading Wednesday.

  • GAAP GAFFE: As part of a settlement relating to Securities and Exchange Commission charges of improper accounting involving The North Face, retired Deloitte & Touche partner Richard Fiedelman agreed to a three-year ban from practicing as an accountant before the regulatory body, according to published reports. The SEC accused Fiedelman of violations of generally accepted accounting principles (GAAP) and audit standards while advising The North Face from 1997 to 1999. The North Face became a unit of Greensboro, N.C.-based apparel giant VF Corp. in 2000.

  • RAKED OVER THE KOHL’S: Beryl Buley, formerly executive vice president for stores at Kohl’s Corp., has joined Sears, Roebuck & Co. as senior vice president and general manager of home stores. He succeeds Dan Laughlin, who has been promoted to senior vice president and general merchandise manager of appliances and electronics. Both report to Mark Cosby, executive vice president of Sears and president of full-line stores for the Hoffman Estates, Ill.-based retail chain. Buley will be responsible for approximately 1,300 off-mall stores, Sears said. Laughlin has been with the firm for 31 years.

  • WHITEHALL PROBE: Whitehall Jewellers, already one of 14 defendants in a lawsuit brought by Capital Factors, has been informed that it is also the subject of a fraud investigation being conducted by the U.S. Attorney for the eastern district of New York into the same matter. Whitehall earlier said that Cosmopolitan Gem Corp. defrauded Capital and that Whitehall and other defendants “aided and abetted or participated in the alleged fraud.” John Desjardins, executive vice president, has reassumed responsibilities as chief financial officer from Jon Browne on an interim basis.

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