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The Top 20 Apparel Salaries 2001

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...

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.

1

TOMMY HILFIGER,principal designer,Tommy Hilfiger Corp.

2001 COMPENSATION (SALARY +BONUS):$24,925,000;2000 COMPENSATION (SALARY +BONUS):$26,851,000 PERCENT CHANGE:-7

2001 COMPANY EARNINGS):$131 million SALES:$1.88 billion

2001 STOCK OPTIONS AWARDED:None NOTES:Hilfiger receives annual salary payments of $900,000 plus 1.5%of the net sales of TH USA and its subsidiaries over $48.4 million.Sales declined in 2001.

2

JOEL HOROWITZ,ceo,Tommy Hilfiger Corp.

2001 COMPENSATION:$12,722,000;2000 COMPENSATION:$17,212,600 PERCENT CHANGE:-26

2001 COMPANY EARNINGS:$131 million SALES:$1.88 billion

2001 STOCK OPTIONS AWARDED:None

NOTES:Annual bonus equals 5 percent of the company ’s operating earnings.

3

RALPH LAUREN,ceo,Polo Ralph Lauren Corp.

2001 COMPENSATION:$6,556,000;2000 COMPENSATION:$1,000,000 PERCENT CHANGE:556

2001 COMPANY EARNINGS:$59.3 million SALES:$1.98 billion

2001 STOCK OPTIONS AWARDED:Received $2.64 million in options.

NOTES:Took no bonus in 2000.

4

MOSSIMO GIANNULLI,ceo,Mossimo Inc.

2001 COMPENSATION:$4,234,500;2000 COMPENSATION:$750,000 PERCENT CHANGE:465

2001 COMPANY EARNINGS :$9 million SALES:$16 million

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Compensation increase due to lucrative Target license.

5

SIDNEY KIMMEL,ceo,Jones Apparel Group

2001 COMPENSATION:$3,700,000;2000 COMPENSATION:$2,450,000 PERCENT CHANGE:51

2001 COMPANY EARNINGS:$236 million SALES:$4.1 billion

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Compensation increase due to 85.2 percent increase in bonus.

6

ROBERT MARGOLIS,ceo,Cherokee Inc.

2001 COMPENSATION:$3,211,719;2000 COMPENSATION:$2,765,093 PERCENT CHANGE:16

2001 COMPANY EARNINGS:$10.8 million SALES:$30.7 million

2001 STOCK OPTIONS AWARDED:Received restricted stock awards of $2.24 million.

NOTES:Compensation reflects salary and bonus increases.

7

ERIC ROTHFELD,president and ceo,Sun,a division of Jones Apparel Group

2001 COMPENSATION:$3,119,004;2000 COMPENSATION :$2,765,093 PERCENT CHANGE:44

2001 COMPANY EARNINGS:$88.8 million SALES:$4.1 billion

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Compensation reflects bonus increase.Rothfeld left the company on December 31,2001.

8

PAUL FIREMAN,ceo,Reebok International Inc.

2001 COMPENSATION:$3,075,012;2000 COMPENSATION:$3,075,012 PERCENT CHANGE:0

2001 COMPANY EARNINGS:$102.7 million SALES:$2.9 billion

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Fireman ’s salary and bonus have been fixed for the last two years.He took no bonus in 1999.

9

ROGER FARAH,president and chief operating officer,Polo Ralph Lauren Corp.

2001 COMPENSATION:$2,404,661;2000 COMPENSATION:not applicable PERCENT CHANGE:n/a

2001 COMPANY EARNINGS:$59 million SALES:$1.98 billion

2001 STOCK OPTIONS AWARDED:Received $3.2 million in restricted stock options.

NOTES:Received $102,680 in 401(k)contributions,medical benefits and other.

10

LANCE ISHAM,vice chairman,Polo Ralph Lauren Corp.

2001 COMPENSATION:$2,266,200;2000 COMPENSATION:$1,000,000 PERCENT CHANGE:127

2001 COMPANY EARNINGS:$137.8 million SALES:$1.98 billion

2001 STOCK OPTIONS AWARDED:Received $2.1 million in restricted stock options.

NOTES:Took no bonus in 2000.

11

PAUL CHARRON,ceo,Liz Claiborne Inc.

2001 COMPENSATION:$2,138,300;2000 COMPENSATION:$2,295,800 PERCENT CHANGE:-7

2001 COMPANY EARNINGS:$192.1 million SALES:$3.4 billion

2001 STOCK OPTIONS AWARDED:Received $2.24 million in restricted stock options.

NOTES:Bonus decrease is reflected in 2001 salary.

12

TIMOTHY BOYLE,ceo,Columbia Sportswear Co.

2001 COMPENSATION:$2,094,458;2000 COMPENSATION:$2,178,250 PERCENT CHANGE:-4

2001 COMPANY EARNINGS:$88.8 million SALES:$779.6 million

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Boyle ’s salary increase was offset by a bonus decrease.

13

PHIL KNIGHT,ceo,Nike Inc.

2001 COMPENSATION:$1,963,000;2000 COMPENSATION:$2,535,951 PERCENT CHANGE:-23

2001 COMPANY EARNINGS:$589.7 million SALES:$9.49 billion

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Knight ’s bonus decreased by half.

14

MACKEY MCDONALD,ceo,VF Corp.

2001 COMPENSATION:$1,490,400;2000 COMPENSATION:$1,712,000 PERCENT CHANGE:-13

2001 COMPANY EARNINGS:$137.8 million SALES:$5.52 billion

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Salary increase was offset by bonus decrease.

15

HARVEY SANDERS,ceo,Nautica Enterprises Inc.

2001 COMPENSATION:$1,442,771;2000 COMPENSATION:$1,662,907 PERCENT CHANGE:-13

2001 COMPANY EARNINGS:$46.1 million SALES:$627.7 million

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Sanders ’ 2001 salary reflects a bonus decrease..

16

HAL UPBIN,ceo,Kellwood Corp.

2001 COMPENSATION:$1,250,000;2000 COMPENSATION:$1,350,000 PERCENT CHANGE:-7

2001 COMPANY EARNINGS:$37.7 million SALES:$2.28 billion

2001 STOCK OPTIONS AWARDED:Received options with a potential value of $638,552 to $1.62 million.

NOTES:Salary reflects a bonus decrease.

17

LEW FRANKFORT,ceo,Coach

2001 COMPENSATION:$1,165,000;2000 COMPENSATION:$931,449 PERCENT CHANGE:25

2001 COMPANY EARNINGS:$64 million SALES:$616.1 million

2001 STOCK OPTIONS AWARDED:Neither exercised nor received options.

NOTES:Frankfort ’s compensation reflects salary and bonus increases.

18

KENNETH COLE,ceo,Kenneth Cole Productions Inc.

2001 COMPENSATION:$1,150,000;2000 COMPENSATION:$2,375,000 PERCENT CHANGE:-52

2001 COMPANY EARNINGS):$16.6 million SALES :$386 million

2001 STOCK OPTIONS AWARDED:Received options with potential value of $2.3 million to $5.8 million.

NOTES:Salary reflects a bonus decrease.

19

MORRIS GOLDFARB,ceo,G-III Apparel Group

2001 COMPENSATION:$834,082;2000 COMPENSATION:$1,708,419 PERCENT CHANGE:-51

2001 COMPANY EARNINGS:$11.2 million SALES:$187.1 million

2001 STOCK OPTIONS AWARDED:Neither exercised nor received additional options.

NOTES:Salary reflects a bonus decrease.

20

GEORGE FELDENKREIS,ceo,Perry Ellis International Inc.

2001 COMPENSATION:$750,000;2000 COMPENSATION:$750,000 PERCENT CHANGE:0

2001 COMPANY EARNINGS:$7.8 million SALES:$287.4 million

2001 STOCK OPTIONS AWARDED:Neither exercised nor received stock options.

NOTES:No change in salary and bonus.