Chief Executive Officer (CEO) salaries are a topic of interest among the public and academics in the US as well as the world over. They have also been studied by many academics but few have looked at CEO pay in the fashion business.
Executive Fashion is a pioneering study of executive compensation in the US fashion business. It explores the following questions and more:
- Are fashion executives any different from any other industry CEOs when it comes to pay?
- What are the current compensation levels in the industry?
- Are there outliers when it comes to pay and performance?
- Who are the least and most paid CEOs in the US fashion business?
- How do fashion executives' pay scales compare against their firms' performance metrics?
The book also investigates whether the office of Chief Creative Officer, a title that emerged in the 1990s, has an impact on company performance. It provides comparisons on CCO compensations across companies, and explores the diversity of the fashion business, looking at how minorities and women fare in the industry with regard to salaries. It also discusses the effects of the COVID-19 pandemic on the fashion industry, analyzing which companies were able to adapt to the new retail landscape and which ones were not.
This book is a must read for those in the fashion industry and those interested in corporate governance in general.