Tommy Hilfiger finished at the pinnacle of the 2001 compensation sweepstakes with $24.9 million in salary and bonuses.Hilfiger ceo Joel Horowitz finished second,at $12.7 million,while Ralph Lauren placed third with $6.6 million.His business reignited by his licensing arrangement with Target,Mossimo Giannulli bolted from near obscurity to fourth on the list at $4.2 million.All data are drawn from the com- panies ’ Schedules 14--A filed with the Securities and Exchange Commission.

However ample their paychecks,Hilfiger and Horowitz saw their incomes shrink from their 2000 levels.Lauren,Giannulli,and fifth-and sixth-place finishers Sidney Kimmel of Jones Apparel Group and Robert Margolis of Cherokee,logged raises.Just over half of the executives covered through disclosures on their firms ’proxy statements saw dips in compensation as challenging second-half conditions,compounded by the events of Sept. 11,limited corporate profits and,with them,the potential for management pay raises.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus