Ralph Lauren
Giovanni Giannoni/WWD
The pay is good at the top of Ralph Lauren Corp.
Ralph Lauren, who is executive chairman and chief creative officer, saw total compensation of $22.2 million last fiscal year, according to a filing with the Securities and Exchange Commission late Friday. That marked a modest decline from $22.6 million a year earlier.
Lauren’s take included a salary of $1.8 million and incentive pay of $9.2 million. But the biggest portion of his compensation came in the form of stock awards pegged at $11 million, although he might not receive the full value given share-price fluctuations.
The company’s president and chief executive officer, Patrice Louvet, received compensation of $13.9 million, including a salary of $1.3 million, $5.2 million in incentive pay and $7.3 million in stock awards.
That actually marked a steep decline for the ceo, who logged pay of $23.8 million the year before, his first with the company.
![Pop singer @MAXMusic talked to us about his second album and how @Madonna made him appreciate being a "fun-sized human."
For the new album, “House of Divine,” he’s discovered the color yellow in a major way — as his Instagram suggests. After having vocal surgery, he couldn’t speak for four months (he learned sign language, the whole thing), and woke up one day consumed by the color yellow.
On how he started to embrace his size after starring in a campaign with Madonna, Max said, “Honestly I’ve always been so insecure about [my height] especially because I loved fashion so much, and that was the first time that I really started embracing myself because I was like, ‘Wow I got this because of this,’” he says. “It really made me less afraid.”
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Report: @leighen
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