JCPenney and Abercrombie & Fitch's chief executive officers have been found to be the fashion industry's two highest-paid executives. According to Women's Wear Daily, JCPenney's Ron Johnson and Abercrombie & Fitch's Michael Jeffries, who is also the company's chairman, earned around $50-million each in 2011. Mr Johnson earned $53-million while Mr Jeffries was paid $48-million. They were followed by Neil Cole, the president and CEO of Iconix Brand Group, whose total pay was $37-million; and Ralph Lauren,chairman and CEO of his namesake brand. who earned $36-million. Notably, four JCPenney executives were included within the top ten despite the company experiencing a turbulent past year that saw plummeting sales and a drop in customer counts.
The list was collated using information provided to the US Securities and Exchange Commission. WWD then analysed the logged compensations, noting that much of it is just made up of stock and option grants. Although Mr Cole had to settle for third place, his annual earnings received a weighty 636.7per cent increase from 2010's $5-million. Nike's CEO and president Mark Parker was the next highest-paid, receiving $35-million in 2011. Mr Parker also saw a significant increase over the 12 month period. He was paid $11-million in 2010.
— Daily Mail
2011's TOP TEN HIGHEST-PAID FASHION BOSSES
1. Ron Johnson, JCPenney CEO - $53,281,505
2. Michael Jeffries, Abercrombie & Fitch CEO and chairman - $48,069,473
3. Neil Cole, Iconix CEO and president - $37,424,782
4. Ralph Lauren, Ralph Lauren CEO and chairman - $36,325,782
5. Mark Parker, Nike CEO and president - $35,212,678
6. Myron E. 'Mike' Ullman III, former JCPenney CEO - $34,561,322
7. Michael Kramer, JCPenney COO - $33,370,607
8. Reed Krakoff, Coach CEO and president - $21,188,980
9. Daniel Walker, JCPenney CTO - $20,201,219
10. Gregg Steinhafel, Target president, CEO and chairman - $19,707,107
New York's oldest model lands first campaign at 82 years old
Standing 5 feet, 9 inches with a hand on her hip, flower in her hair and head tilted back in a jaunty pose Jacquie 'Tajah' Murdock looks like a woman who's been modelling all her life. In reality, the New Yorker has only just landed her first major modelling gig... at the age of 82. Picked by the French fashion label Lanvin for their fall advertising campaign, the octogenarian's dreams of being a high-profile model have finally been realised. Lanvin's artistic creator, Alber Elbaz, cherry-picked an unlikely cast of 'real' people to be photographed in the brand's latest campaign. The brand's new 'crazy family', Mr Elbaz's tag for his cast, also includes an unknown waiter, milliner, and a recent US immigrant. But it is Ms Murdock, a grandmother of 10, who is generating the most hype after the shot of her sporting a tight forest green dress, dangling earrings and holding a fur shawl was released. The beauty, who was born in the Harlem neighbourhood and is of Jamaican descent, told the New York Post that she still thinks as if she were in her twenties. She joked: "The other day I was pointing at those 'old people'. I forgot I'm one of them!"
— Daily Mail