CEOs – Beautifaire

4 Jul

The Estée Lauder Cos.’ Fabrizio Freda returned to the highest of WWD Beauty Inc.’s listing of the highest-paid beauty executives in 2022, despite his 61.4 percent drop in pay for the corporate’s fiscal 12 months ended June. He was not alone — nine of the opposite leading executives on the list also saw a cut in pay, with Coty’s Sue Nabi dropping from highest earner in 2021, attributable to the stock-based compensation involved in her sign-on package, to number 18 in 2022. The drop in Freda’s paycheck was also linked to a discount in stock-based compensation. WWD The most important pay rises, meanwhile, were seen by Marico’s Saugata Gupta and Compagnie Financière Richemont’s Jérôme Lambert, followed by Dabur’s Mohit Malhotra, Axel Dumas...

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19 Jun

VF Details Pay for CEOs Past and Present

by Beauty Tips

Fashion, Featured

VF Details Pay for CEOs Past and Present

When Steve Rendle retired as president, chief executive officer and chairman of VF Corp. last yr — which the corporate described as “by mutual agreement with the board” — he left some potential large equity payouts on the table. Rendle forfeited stock and option awards valued at $9.9 million when he left in December, in accordance with VF’s proxy statement, filed with the Securities and Exchange Commission on Monday. Rendle did receive a salary of $943,562 and other compensation of $624,475 — including $47,957 to cover paid day without work not taken and $456,438 related to a Protective Covenants Agreement he signed. Under the agreement, Rendle agreed to not compete with VF for one yr following his Dec. 2 retirement. Stock and...

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2 Jun

Fashion CEOs Offer Scarier Tackle the U.S. Consumer

by Beauty Tips

Fashion, Featured

Fashion CEOs Offer Scarier Tackle the U.S. Consumer

Fashion’s chief executive officers are acknowledging a far more cautious consumer within the U.S. While the headline economic readings might show an incredibly resilient shopper who's spending their way through inflation and better rates of interest, the on-the-ground take from retail CEOs this week showed something else. For consumers, being willing to pony up for costlier groceries is something different than refreshing the wardrobe. And in a flurry of quarterly updates this week, a few of fashion’s biggest players stood by their plans and expressed their very own individual optimism, but in addition sketched a more-dire tackle the buyer at large. Hopes and challenges remain. Unemployment continues to be ultra-low at 3.4 percent, however the Federal Reserve is seen as intent on changing that with...

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Beauty’s Highest Paid CEOs – WWD

VF Details Pay for CEOs Past and Present

Fashion CEOs Offer Scarier Tackle the U.S. Consumer

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