2007
Top 10 Earning Executives In The Fashion Industry
Posted by: Fashion06 in Financing, Starting your own line |
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Dnr News?released a list of the top earning executives in the apparel industry?titled “Money Men”.
The list is pretty much who you’d expect to be featured in the top of course Ralph Lauren is number one with $25.9 million…not bad at all. Ralph’s salary is $1 million..sorry no bonus this time. Stock and options $8.2 million and $16.6 million in the other category.
Most of their earnings are a combined sum from?four different sources salary, bonus, stock and options, than a mystery other that doesn’t really describe what “other” means… maybe investments.
Coming in with a far away second is Roger N. Farah with $12.5 million. Roger is the president and COO (Chief Operation Officer) of Polo?Ralph Lauren Corp.
Base Salary: $900,000
Bonus: $0
Stock and options: $8.2 million
Other: $3 million
Paul R. Charron former chairman and Ceo of Liz Claiborne came in?third with $9.8 million. Most of his earning were stock and options.
Base and Salary: $1.5 million
Bonus: $0
Stock and?option: $7.9 million
Other:?$428,739
Robert Margolis came in fourth with $8.8 million as the Chairman and Ceo of Cherokee INC. Robert’s bonus made up the bulk of his earnings the breakdown is below.
Salary: $737,000
Bonus: $8 million
Stock and options: $0
Other: $21,000
Emanuel Chirico Ceo of Phillips-Van Heusen Corp came in fifth with $6.7 in cumulative earnings. The other category made up the bulk of his earnings.
Salary: $992,436
Bonus: $0
Stock and options: $1.7 million
Other: $4 million
Kenneth P. Pucker Executive and COO of Timberland Co . came in sixth with an even $6 million mostly from stock and options.
Salary: $536,250
Bonus: $0
Stock and options: $5.2 million
Other: $246,168
Jeffrey B. Swartz came?in at number seven with $5.6 million as the President and Ceo of Timberland Co. His bulk came from stock and options.
Salary: $818,750
Bonus: $0
Stock and options: $4.2 million
Other: $603,864
Mark Weber the former CEO of Philips-Van Heusen Corp came in at number eight with $5 million with most of his earnings coming from the other category.
Salary: $91,667
Bonus: $0
Stock and options: $0
Other: $5 million
Joseph R. Gromek President and Ceo of Warnaco Group Inc. earned $4.3?million with a bulk coming from his stock and options.
Salary: $991,667
Bonus: $954,400
Stock and options: $2 million
Other: $296,236
Kenneth D. Cole came in last with $4.1 million as the Principal Executive Officer of Kenneth Cole Productions with most coming from stock and options and the other category.
Salary: $1 million
Bonus: $0
Stock and options: $1.5 million
Other: $1.6 million
I can imagine this list is surprising to most and they probably expected to see some of their favorite clothing companies owners on the top, but it’s just not realistic.
Most of the companies above do BILLIONS a year and most probably thought that many of them make that amount per year. But production, marketing, distribution all eat away at profits….oh and salaries for employees.
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August 26th, 2007 at 1:08 pm
Well, where is the motivation for success. If these brands that pull down billions only offer these type of salaries. What in the world are the earnings for urban apparel brands and indie. Please let me know because my expectations are and were higher.
August 27th, 2007 at 1:42 am
Carl W. Welsey The owner & operator makes astonishing 500,000 per wk.
Salary: $6 million
Bonus: $ A couple of stacks hear and thier
Stock and options: $1.6 million
Other: $6.6 million
August 28th, 2007 at 9:39 am
Looks like these salaries are only from “public companies”, which is information you can easly get access from. I pretty sure urban brands make just as much as some of these guys, I hope?
August 28th, 2007 at 10:09 am
I have to disagree Tony, mainly because most of these “urban” companies are not doing billions per year…but most are around the hundreds of millions per year mark.
Off top I could only name one clothing company doing billions and that is Ecko, but only because they have a big umbrella of companies including G-unit, Avirex and others.
Most of the above are under one brand name.
I may try and gather some facts about the different sectors of the apparel industry including urban, street, designer and so forth.
August 28th, 2007 at 11:15 am
I see your point Fred but a lot these urban brands that make in the hundreds of millions per year have a much smaller overhead to cover (employees, marketing etc) than the giants like Ralph Lauren and Tommy Hilfiger. So I would think they would make similar salaries based on this assumption but I would love to see if you can gather some facts on different sectors. Thanks.
August 28th, 2007 at 11:18 am
As far as the salaries…maybe, but when it comes to bonus and stock and options these smaller urban clothing companies couldn’t compete.
Because like you said most of them are private and these companies above are public so they get stock options and plus bonus for performing well withing quarters…which the smaller clothing companies couldn’t afford.
I’m on it though.
October 10th, 2007 at 5:49 pm
man .. i love this ish… Big Homie Fred holdin’ it down… did u eva get those exact numbers ??? i’m dyin’ 2 kno…
October 10th, 2007 at 5:51 pm
and 2 add Ay six figgaz loa huh ??? i see u still unda that glass ceilin’