All tag results for 'ceo'

Ralph Lauren is in it for the long haul!

The 72-year-old Lauren inked a new deal with the company he founded, which will keep him as the CEO for five more years.

Like any businessman nearing the end of his run, Lauren has chosen to be paid more in stock options than cash. He will be making 40 percent more, moving his salary to $1.75 million a year.

To get to the boring business deets, his cash bonuses have gone down to $9 million and $13.5 million. These numbers have been the same for the last three years. His top five officers have also received $9.9 million, $3 million, $880,000 and $880,000 bonuses as well.

Lauren’s pay raise last year came from his stock options which made $15.3 million, over the $8.6 million the previous year. While this money isn’t collected, because it stays in stocks, it’s still reported as part of his earnings.

So, basically, Ralph Lauren is still going to be very rich when his tenure at his company is over, but that won’t be for another few years, we still got Ralph for a while….

[Image via Michael Carpenter/ WENN.]

Tags: ceo, new business deal, ralph lauren, ralph lauren contract, ralph lauren salary

According to multiple sources, Ted Marlow is most likely reclaiming the Urban Outfitters throne now that Glen Senk is gone.

No official word has been released yet, but everyone seems pretty sure it's happening.

If UR unaware of Ted, he was the global president from 2001-2010 as it expanded from North America to Europe.

Those on Twitter seem pretty excited about the news! Are U??

[Image via AP Images.]

Tags: business, ceo, fashion, glen senk, ted marlow, urban outfitters

They are dropping like flies over at Halston!

Less than a day after learning Sarah Jessica Parker has stepped down as the chief creative officer and president, the label says owner Harvey Weinstein is cutting ties as well.

A source says Harvey's going to make the big announcement as soon as today.

Wow.

So in less than a year Halston's managed to lose their CEO, chief creative officer and owner?

That's gotta be a record.

[Image via WENN.]

Tags: bonnie takhar, ceo, chief creative officer, halston, harvey weinstein, owner

Good news for Alexander McQueen.

The label says they've been inundated with requests for custom clothes and now they're looking into buying more space in New York to make room.

CEO Jonathan Akeroyd told the New York Times: "We’ve been discussing it for a number of months because the demand is so strong."

Most requests have been for pieces from the archives while others are for Sarah Burton's designs.

Wow. We can only imagine how much that would set someone back.

[Image via Getty Images.]

Tags: ceo, custom clothes, custom orders, jonathan akeroyd, mcqueen archives, sarah burton

Sarah Jessica Parker couldn't fight back her tears last week after the board and shareholders gave Halston's CEO Bonnie Takhar her walking papers.

A source explained why SJP became so emotional in the office:

"Sarah has been a strong supporter of Bonnie for a very long time, and has been the sole voice supporting her against the board and shareholders. She has been fighting this for a very long time. She believed in Bonnie. She was emotional and upset because this finally came to a head."

Neither SJP or Bonnie commented on the ordeal, but board member Harvey Weinstein did.

According to the Hollywood bigwig:

"Sarah Jessica is a huge supporter of Bonnie's, but it was time to change direction. It was the rest of the board that made the decision. No one was more steadfast to Bonnie than Sarah Jessica."

And there you have it.

Hopefully her replacement will take Halston in whatever direction the have in mind.

[Image via WENN & AP Images.]

Tags: bonnie takhar, ceo, crying, fired, halston, harvey weinstein, let go

This is kinda random.

Founder and CEO of YouTube Chad Hurley, is leaving his company to work full time on his and business partner Anthony Mazzei's menswear line Hlaska.

The 33 year old explained his decision to Forbes:

"If something excites you, go for it. Anthony and I also don't believe that for Hlaska to exist we need to be as "dialed-in" as others believe. We make stuff we want to use. We make wallets, bags and shirts we'd want to see sold in stores. In that sense it's exactly like YouTube. We wanted something that wasn't available, so we built it ourselves."

Inneresting.

Luckily for Chad if this little business venture doesn't pan out he can always fall back on that $1.65 billion he made from selling YouTube to Google 4 years ago.

[Image via FayesVision/WENN.]

Tags: ceo, chad hurley, founder, google, hlaska, youtube, youtube ceo, youtube founder