THE NEW YORK YANKEES OF FASHION: When it comes to stacking the roster with high-earning players, it’s Wal-Mart Stores Inc. and Estée Lauder Cos. Inc. that are the teams to beat. Each have five executives who made more than $5 million last year, according to regulatory filings. Ralph Lauren Corp. and American Eagle Outfitters Inc. each have four executives pulling in more than $5 million.
PERKING UP: Pay packages, while mostly made up of stock and options, also come with some pretty sweet perks. Here’s a short list.
- Mark Tritton, Target Corp.: $474,540 in moving and relocation expenses
- Kevin Mansell, Kohl’s Corp.: $336,959 for use of a company plane
- Michael Kors, Michael Kors Holdings: $113,469 for a car and driver
THE BIGGEST GAINER: Coty Inc.’s Bart Becht saw the biggest pay increase last year — a boost of 711 percent to $8.1 million — as interim chief executive officer (he ceded the top spot to Camillo Pane in October). Becht stands out as the only executive in the WWD study to receive 100 percent of his or her compensation in stock.
TRIMMING BACK: Ulta ceo Mary Dillon took the biggest pay cut last year, but sill managed to bring in $7.8 million — a big option award drove her 2015 compensation to $18.6 million as she pushed the beauty chain into powerhouse mode.
THE AMAZONIAN IN THE INDUSTRY: Job number one for many of the highest paid executives in fashion, retail and beauty is to chase, avoid or figure out how to work with Amazon’s Jeff Bezos, who incidentally makes much less than them. Bezos’ pay last year included $1.6 million in “security arrangements” and a salary of just $81,840. Of course Bezos owns 16.9 percent of Amazon, or 80.1 million shares of Amazon stock — worth north of $80 billion.
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