It’s good to be an executive in fashion these days. Women’s Wear Dailycompiled a list of the top earning fashion executives at publicly traded companies in 2011 in the U.S., based on proxies filed with the SEC. A whopping 67 executives in the sector made more than $5 million last year—taking into account stock options. Unfortunately the gender gap in executive compensation is alive and well within the industry—only six women made the list. It’s particularly confounding considering that the fashion industry is supported largely by the purchasing power of women.
Sitting at the top of the list is J.C. Penney CEO Ron Johnson, who pocketed nearly $52.3 million last year. The top earning woman on the list,Ralph Lauren Executive Vice President Jackwyn Nemerov, earned a little over $12 million in 2011. That’s over a $40 million difference. No woman broke into the top 20.
Other women who made the cut include Ann Inc. CEO Kay Krill, who earned almost $10.8 million, CEO and President of Victoria’s Secret Limited Brands,Sharen Jester Turney, who earned just shy of $9.6 million and TargetExecutive Vice President Kathryn Tesija, who brought in $6.03 million.
Other top earners from the list include Abercrombie & Fitch CEO Michael Jeffries, Iconix President and CEO Neil Cole, Ralph Lauren, the Chairman and CEO of his namesake brand, Executive Creative Director of Coach Reed Krakoff and Nike President and CEO Mark Parker. Notably, four J.C. Penney executives made the top ten (all men) despite the company’s plummeting sales and its drop in customer counts last year.
In a lot of ways the list doesn’t give a complete picture of the most powerful women in fashion. Several key women fashion executives were notably absent from the list because they work for private companies, including Global CEO of Chanel Maureen Chiquet. It’s a fair assumption that Chiquet is raking it in. Burberry CEO Angela Ahrendts didn’t make the cut because the company she heads is traded on the London Stock Exchange. She took home around $24.5 million in pay, perks and shares last year.
Fashion it seems isn’t much different than the business world at large in terms of its gender gap in executive compensation. The highest paid CEO of a publicly traded company in the U.S. in 2011 was Apple’s CEO Tim Cook, who raked in almost $378 million including salary, bonus, perks and stock options. Well behind Cook is top-earning woman Kraft CEO Irene Rosenfeld, whose total compensation was just shy of $22 million in 2011.
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