Female Fashion Execs Earned $40M Less Than Male Counterparts In 2011
WWD analyzed publicly traded companies like J.C. Penney Co. Inc., Coach Inc., and Kohl’s Corp., and rounded up a list of the top earning execs. While $5 million is already a lot of money, the number doesn’t include stocks and options.
The top earner is J.C. Penney CEO Ron Johnson, who pocketed nearly $52.3 million, while the lowest in the list is Sam’s Club and Wal-Mart exec Brian Cornell, who made around $5 million last year. A full list can be found here, but what’s most interesting is the lack of female head honchos.
Only six made the list, and the highest paid female is Ralph Lauren executive vice president Jackwyn Nemerov, earning a little over $12 million in 2011. The lowest was Target executive vice president Kathryn Tesija with approximately $6 million. The difference between the highest paid female and male is around $40 million, an insane gap.
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