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It Is A Difficult Problem That CK Parent PVH CEO Is Not Paid Well.

2016/5/9 20:18:00 57

CKPVHCEOSalary Cut

In 2015, the shrinking industry allowed many executives to join in the quit season.

However, compared with executives who still insist on the front line, there is a message that people are "not born to love" when they are not fired.

However, due to the continued slowdown in the market economy, although the net profit of PVH in PVH group has increased by 30.4% in the 2015 fiscal year,

Pay

Compression is also without hesitation.

Lately,

CK

The documents submitted by the parent company PVH group show the group's CEO Emanuel Chirico's pay decline in fiscal year 2015.

It is reported that the basic salary of Emanuel Chirico is $1 million 350 thousand, and the bonus should be $2 million 25 thousand. At the same time, he has a restricted stock of $1 million 525 thousand and a $2 million 162 thousand stock option.

In addition, the group's GRIP II incentives, implemented in 2013, will grant us $2 million worth of subsidies in 2015.

However, a large number of them have already entered the first place.

Quit

For job executives, it may not be possible to cut wages.

And in the future, I believe that more groups will implement more stringent measures to control the cost of the industry in response to the current industry challenges.

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The retail business of Burberry is 5% higher than that of the sales, far less than 1.4% of the market expected. At the same time, this data also dragged down the performance of the group in the second half of the year. The group's sales in the second half of the year will be reduced by 2% over the year.

In particular, the group pointed out that the group's growth rate was 1% in the absence of Hongkong's Macao market.

However, the investment bank still has a bad attitude towards this data.

Investment bank believes that by closing the auxiliary line, reducing employee benefits and merging the double show mode, the group still performs poorly, and continues to deepen and expand the measures with limited effect. Therefore, the investment bank downgraded the Burberry share price to "lose the market".

On the fixed exchange rate, the retail revenue of Burberry in the second half of the year was 1 billion 64 million, which was basically the same as that of the same period last year, while the wholesale business income also decreased by 1%.

In the second half of the year, the group closed 8 stores and opened 5 stores. Therefore, in terms of the speed of expansion, the group also recorded a setback.

In this regard, CEO has always had two choices: 1, choose to focus on products and design; 2, the group's external designers, so that they can concentrate on making a "complete" CEO.


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