KORS’ PAY DAY: Michael Kors pulled in compensation of $7.6 million for the fiscal year ended March 30, a drop of 46.6 percent from the prior year, according to a filing with the Securities and Exchange Commission. The designer, who serves as honorary chairman, chief creative officer and director at Michael Kors Holdings Ltd., received a salary of $2.5 million and cash incentive pay of $5 million. Including the value of equity awards tied to the company’s performance last fiscal year but granted this year, Kors’ pay totaled $13.6 million. Kors took his company public in 2011 and it’s now valued at $12.38 billion.
June 19, 2013