The 20 U.S. apparel executives at publicly listed companies with the highest compensation packages in 2002.
The average salary of WWD’s top 20 apparel executives in 2002 was $5.4 million, an increase of 295.5 percent over 2001. Excluding Levi Strauss & Co. ceo Philip Marineau’s more than 4,000 percent raise, average compensation grew 77.4 percent. Not counting the top three earners (who tend to skew the results), average compensation was $2.9 million, which is more reflective of the sample. While the economic climate took a toll on the apparel industry, most executives were well-compensated for their efforts.
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