Most Recent Articles In Fashion Scoops
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TO AIR IS HUMAN: Polo Ralph Lauren Corp. is placing some limits on its founder and chief executive officer, but they’re unlikely to slow Ralph Lauren down very much. Beginning this fiscal year, the reimbursement Lauren can receive for travel on his personal aircraft, previously not stipulated, is capped at $200,000, according to a regulatory filing with the Securities and Exchange Commission. During the year ended April 3, Lauren received a total reimbursement of $558,376 for all personal travel, and the amount attributable to his own aircraft wasn’t specified in the company’s definitive proxy. In a slightly different twist on the same theme, Abercrombie & Fitch Co. ceo Mike Jeffries in April agreed to limit himself to $200,000 worth of personal travel on the company plane or reimburse A&F for the difference.