Gap Inc. might be between chief executive officers at the moment, but it still has quite a few top executives on its payroll. Here’s the rundown of the company’s executive pay last year:
Interim CEO Bob Martin received total compensation of $8.5 million, including $7.4 million in stock awards. “in light of our overall performance,” logged compensation valued at $11.2 million, including $9.9 million in stock and option awards.
While executive pay — even after a rocky run and quick departure — seems exorbitant to many, compensation experts say boards are first and foremost keen to find the right leaders to run their multibillion-dollar operations, where good performance helps everyone. Born and raised on Long Island, he frequently visited relatives in New York City and day-tripped there with his father, who commuted there for work. The cultures of the five boroughs inspired the debut collection, which will be unveiled Thursday night at a show at St. Georges Church near Gramercy Park.
As a nod to the show’s religious setting, there will be pieces that are reminiscent of priests’ robes and emblems of crosses. After spending a good amount of time “cold-calling” churches in the city and scouting venues, the designer said his aim was to respect the religious aesthetic and not change too much for the show. With dim lighting, seating for 75 and a beautiful interior that includes a subterranean element, the Rutherford Place location had “the romantic, old feel” that Rosefort sought.
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