What: Execs at your favorite retail establishments are raking in the big bucks.
What the fashion heads say: From WWD: “Tougher disclosure rules on executive compensation required by the Securities and Exchange Commission haven’t exactly made things clearer for investors and shareholders…. One thing is clear, though: Executives at retailers that performed well in 2006 were certainly well paid.”.
What I say: I find it VERY interesting that eight of the top ten highest paid executives in the retail industry worked for mall-based and discount based retailers. Goes to show you, that the real money is in saving people money.