There’s been a lot of talk lately in various industries about things like income inequality, gender pay gaps and whether CEOs deserve the compensation packages they get. The apparel sector is no exception.
Although total revenues at 20 of the most important publicly-held apparel companies were flat in 2014, and net income rose by a total of only 11 percent, CEOs at these firms got a more than 50 percent pay raise, according to proxy statements filed by a group of companies including Gap Inc., VF Corporation, Under Armour, PVH, American Eagle, Children’s Place, Macy’s and many others.
So do apparel CEOs make too much? Read on, and you be the judge.
Read more at Sourcing Journal.