Despite the Last Year’s Salaries Cut, Ralph Lauren Is One of the Highest-Paid Brands
Although Ralph Lauren got a pay cut due to the pandemic last year, according to the monthly report, the company is still on the list of the highest-paid fashion managers.
Lauren, who works as the main creative officer, did not receive a salary because of the pandemic but got a total compensation in the amount of 17.1 million dollars on March 27.
By the way, the CEO of Walmart ranks first place as the highest-paid retail manager. He received 22.6 million dollars of compensation for the last year.
Lauren said that during the past year not only the company but the whole world dealt with crises of health and economy. But the Ralph Lauren’s main purpose was to keep its teams safe. And now they are becoming a stronger business, moving towards the goal of sustainable and value growth. The company has increased its prices, as well as its marketing expenses, to prepare for the future.
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