Executives wallets' remained healthy last year, despite management shifts within some of the most prominent companies. Headlining departures included Paul Charron, former chairman of the board and chief executive officer of Liz Claiborne Inc., and Mark Weber, former ceo of Phillips-Van Heusen Corp. When added together, the top 10 vendors made nearly $89 million in their compensation packages. An interesting note: The top 10 vendor executives this year are all men — the top-ranked woman, Trudy F. Sullivan, outgoing president of Liz Claiborne Inc. (she announced her resignation in June), comes in at number 12.
1. RALPH LAUREN, 67, CHAIRMAN OF THE BOARD AND CEO, POLO RALPH LAUREN CORP. Total value: $25.9 million Base salary: $1 million; Bonus: $0; Stock and options: $8.2 million; Other: $16.6 million Hats off to Lauren, whose company's strong growth continued last year. Lauren said in a statement in March, "We have made significant progress on all fronts, from opening new luxury stores to initiating steps to expand our accessories business in new categories such as watches and fine jewelry, to taking direct control of our Japanese business and our Internet business." WWD reported last month, "On the 'other compensation' line of the pay disclosures, Polo Ralph Lauren Corp. said, 'In fiscal 2007, Mr. Lauren received perquisites and other personal benefits, including supplemental medical expenses ($64,086), use of an automobile and driver ($46,470), personal security and merchandise discounts.'"
2. ROGER N. FARAH, 54, PRESIDENT AND CHIEF OPERATING OFFICER, POLO RALPH LAUREN CORP. Total value: $12.5 million Base salary: $900,000; Bonus: $0; Stock and options: $8.6 million; Other: $3 million Farah is another executive riding the wave of Polo's growth, which saw profits rise 30.2 percent to $400.9 million and total revenues increase by 14.7 percent to $4.3 billion in the year ended March 31. Farah joined Polo in 2000, at which time Lauren told DNR, "I've known Roger for 25 years and I've actively recruited him. He's one of the best talents in the retail world." During his tenure, Farah has helped direct Polo's global retail expansion, taken control of several of the group's licenses and generally helped drive Polo toward its goal of becoming a true American luxury house.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)