Another Year, Another Round of Bumper Pay Packages for Fashion’s Top Execs

Paychecks for the Regular Joe and Jolene have been slow to catch up with the rest of the economy despite a historically tight labor market — but those at the top of the career ladder aren’t feeling the squeeze. Over 80 fashion, retail and beauty executives saw compensation, including stock and option awards, of more than $5 million in the last financial year, according to WWD’s analysis of compensation at companies publicly traded in the U.S. Within that, 30 earned more than $10 million and the four corporate titans leading the list took in more than $20 million. Pay for all 84 executives added up to more than $887 million — and the majority of that came in the form of stock awards or options. At the top of the pile with a total compensation package of $48.8 million was The Estée Lauder Cos. Inc.’s president and chief executive officer Fabrizio Freda. That was more than double the $19 million he notched in the previous financial year. In second place, at $23.6 million, was Doug McMillon, who in his role as president and ceo presides over Walmart Inc.’s vast empire from the retailer’s Bentonville, Ark. headquarters. He was followed by Ralph Lauren Corp. founder Ralph

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