Here, the top ceo salaries at publicly traded beauty companies in the U.S.
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It pays to be in the luxury business. After all, for the wealthiest consumers, austerity was so 2009. Prestige beauty brands were well positioned to reap the spoils of luxury’s revival. As sales of luxury goods grew, so did the salaries of the chief executives at the toniest beauty firms. Here, the top ceo salaries at publicly traded beauty companies in the U.S.
This story first appeared in the May 11, 2012 issue of WWD. Subscribe Today.
1. Johnson & Johnson
William Weldon, chairman and former chief executive officer
Fiscal Year Ended: January 1, 2012
Base Salary: $1,907,215
Stock and Option Awards:$6,798,177
Bonus and Incentive Pay: $14,336,394
Other Compensation: $321,153
Total: $26,797,939
Total Change Versus Prior Year: Down 6.7%
Net Sales 2011: Up 5.6% to $65.03 billion
Note: The firm’s current ceo, Alex Gorsky, who previously served as vice chairman, executive committee, assumed the post on April 26, 2012. His compensation includes, but is not limited to, a base salary of $1,200,000.
2. Estée Lauder Cos. Inc.
Fabrizio Freda, president and ceo
Fiscal Year Ended: June 30, 2011
Base Salary: $1,500,000
Stock and Option Awards: $15,580,188
Bonus and Incentive Pay: $3,801,000
Other Compensation: $91,636
Total: $21,467,044
Total Change Versus Prior Year: Up 49.4%
Net Sales 2011: Up 13% to $8.81 billion
3. Procter & Gamble Co.
Robert McDonald, chairman, president and ceo
Fiscal Year Ended: June 30, 2011
Base Salary: $1,600,000
Stock and Option Awards: $11,771,613
Bonus and Incentive Pay: $2,632,000
Other Compensation: $184,424
Total: $16,188,037
Total Change Versus Prior Year: Up 23.4%
Net Sales 2011: Up 5% to $82.56 billion
4. Avon Products Inc.
Andrea Jung, chairman and former ceo
Fiscal Year Ended: December 31, 2011
Base Salary: $1,375,000
Stock and Option Awards: $4,811,998
Bonus and Incentive Pay: 0
Other Compensation: $207,227
Total: $10,118,019
Total Change Versus Prior Year: Down 23.2%
Net Revenue 2011: Up 4% to $11.29 billion
Note: Avon’s current ceo, Sherilyn “Sheri” McCoy, a former Johnson & Johnson vice chairman, took the reins from Jung on April 23, 2012. Her compensation includes a base salary of $1,200,000 and a sign-on bonus of $1,910,000. She could also potentially make 150 percent of her base salary in an annual cash incentive program, as well as 600 percent of her salary through a three- year cash and stock incentive plan.
5. Nu Skin Enterprises inc.
Truman Hunt, president and ceo
Fiscal Year Ended: December 31, 2011
Base Salary: $919,391
Stock and Option Awards: $2,822,898
Bonus and Incentive Pay: $1,133,796
Other Compensation: $139,604
Total: $5,015,689
Total Change Versus Prior Year: Down 5.3%
Net Revenue 2011: Up 13% to $1.74 billion
6. ElizaBeth Arden Inc.
E. Scott Beattie, chairman, president and ceo
Fiscal Year Ended: June 30, 2011
Base Salary: $864,667
Stock and Option Awards: $1,341,363
Bonus and Incentive Pay: $2,314,434
Other Compensation: $68,604
Total: $4,589,068
Total Change Versus Prior Year: Up 17.7%
Net Sales 2011: Up 6.5% to $1.18 billion
6. Revlon Inc.
Alan Ennis, president and ceo
Fiscal Year Ended: December 31, 2011
Base Salary: $910,000
Stock and Option Awards: 0
Bonus and Incentive Pay: $2,067,800
Other Compensation: $65,523
Total: $3,077,955
Total Change Versus Prior Year: Down 0.5%
Net Sales For 2011: Up 4.5% to $1.38 billion
7. Inter Parfums Inc.
Jean Madar, chairman and ceo
Fiscal Year Ended: December 31, 2010
Base Salary: $380,000
Stock and Option Awards: $107,000
Bonus and Incentive Pay: 0
Other Compensation: 0
Total: $487,000
Total Change Versus Prior Year: Down 1.6%
Net Sales For 2010: Up 12.4% to $460,411
8. Physicians Formula Holdings Inc.
Ingrid Jackel, chairman and ceo
Fiscal Year Ended: December 31, 2010
Base Salary: $358,904
Stock and Option Awards: 0
Bonus and Incentive Pay: 0
Other Compensation: $36,295
Total: $395,199
Total Change Versus Prior Year: Down 35.3%
Net Sales For 2010: Up 0.9% to $78.5 million
9. Perfumania Holdings Inc.
Michael Katz, president and ceo
Fiscal Year Ended: January 29, 2011
Base Salary: $284,808
Stock and Option Awards: 0
Bonus and Incentive Pay: 0
Other Compensation: $15,000
Total: $299,808
Total Change Versus Prior Year: Down 3%
Net Sales 2010: Down 5.1% to $484,800
The figures included in the chart do not necessarily add up to the CEO’s total compensation, as only key figures are highlighted.
Source: Firms’ most recent Form DEF 14A (proxy statement) filed with the Securities and Exchange Commission by April 24, 2012.
