The most recent executive pay packages at The Estée Lauder Cos., owner of Clinique, MAC Cosmetics, Tom Ford and plenty of more brands, have been revealed.
First up, president and chief executive officer Fabrizio Freda’s total pay package for the fiscal 12 months 2023 is $21.8 million, compared with $25.48 million in 2022 and $65.9 million in 2021, in keeping with filings with the Securities and Exchange Commission. A few of this can be made up of stock options, the total value of which could never be realized resulting from fluctuations in stock prices and vesting schedules.
The decrease in the overall package was mainly resulting from 50,429,620 stock awards he received in 2021. His base salary remained at $2.1 million for the...
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