WWD Finds 23 Fashion CEOs Topped $10 Million, Led by Nike's $36.3 Million Hill
Updated
Updated · WWD · Jul 27
WWD Finds 23 Fashion CEOs Topped $10 Million, Led by Nike's $36.3 Million Hill
1 articles · Updated · WWD · Jul 27
Summary
$36.3 million put Nike CEO Elliott Hill atop WWD’s U.S. fashion and retail pay study, which found 23 executives received more than $10 million last year.
Average pay kept rising across the sector: consumer durables and apparel CEO compensation climbed 4.5% to $8.4 million last year, versus 5% to $17.5 million in the S&P 500.
Boards and advisers said much of the headline pay is stock- and incentive-based rather than cash, with peer benchmarking and pay-for-performance frameworks steadily pushing compensation higher.
Nike said 92% of Hill’s target annual compensation is at risk; his guaranteed portion was $2.9 million, about 60 times the company’s median employee pay of $48,695.
Realized-pay data showed the strongest increases tracked strong performance: Tapestry CEO Joanne Crevoiserat’s pay rose 216% to $12.6 million, while Ralph Lauren CEO Patrice Louvet’s climbed 179% to $46.2 million.