Ralph Lauren is going to have to work harder for his bonus and restricted stock options next year.
In a regulatory filing with the Securities and Exchange Commission, Polo Ralph Lauren Corp. said that its chairman and chief executive officer, starting in fiscal 2009, will be entitled to a bonus “only if 80 percent, rather than 50 percent, of the performance target had been achieved.” The filing said the changes put Lauren’s compensation arrangements in line with those of “other members of senior management.”
Lauren’s annual stock option grants were reduced to 100,000 stock options from 150,000, according to the filing. In addition, the...
Ralph Lauren's Pay Structure Altered
Ralph Lauren's Pay Structure Altered
by
Posted Monday July 28, 2008
Last Edited Tuesday July 29, 2008
From WWD Issue 07/28/2008
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