Design / Fashion Scoops / Ralph Lauren

Ralph Lauren's $22.6 Million Pay Day

Posted On: Jun 20, 2018   |   Posted By: WWD

Ralph Lauren's annual compensation came roaring back and hit $22.6 million in this past fiscal year as the designer's incentive pay was reinstated.
Lauren, who is executive chairman and chief creative officer of Ralph Lauren Corp., received incentive pay of $9.6 million, a salary of $1.8 million and perks as well as stock awards valued at $11 million. (The ultimate value of those awards will depend on stock price fluctuations and vesting schedules).
All told, Lauren's compensation represented a 73 percent jump from his fiscal 2017 pay of $13 million. That year, he and the compensation committee of his company's board agreed that he would forego his incentive pay.
Lauren recently told investors that he was not thinking of retiring and laid out a plan to guide his company over the next five years.
Despite his hefty payday, Lauren was not the most highly compensated executive at the firm. That was Patrice Louvet, who reeled in $23.8 million during his first year as president and chief executive officer. His...

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