Most Recent Articles In Fashion Scoops
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STAFF BUDGET ITEM: If Marty Staff’s priority as American Apparel Inc.’s new chief business development officer is, as chief executive officer Dov Charney put it, “to get some gelt into those stores,” Staff will be taking some home with him as well. In a regulatory filing with the Securities and Exchange Commission Wednesday, the company said Staff will earn a minimum base salary of $600,000 a year through the initial three-year term of the contract. Increases can be granted at the discretion of the compensation committee of the company’s board and he’ll be eligible for restricted stock awards that vest approximately a year after they’re granted.