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Ralph Lauren Corporation Message Board

  • rokdoc49 rokdoc49 Mar 12, 2012 4:07 PM Flag

    Executives overpaid??

    Florida Firefighter vs. Ralph Lauren. A new front seems to have opened in the battle between the 99 percent and the one percent. The philo-aristocratic clothing company Ralph Lauren has enriched its founder and members of the Lauren family in many ways. While the stock has more than doubled over the past two years, as this chart shows, not all shareholders are pleased. In its most recently quarterly report, the company disclosed that the City Pension Fund for Firefighters and Police in Pembroke Pines, Fl. (motto: to Protect and Serve Your Retirement) has sued the company. Why? The fund is angered by what it views as "permitting excessive compensation to, and alleged related party transactions with, the Company's Chairman and Chief Executive Officer and certain other executives, and unjust enrichment by these executives." Of course, Ralph Lauren remains very much a family business. Ralph's brother, Jerome, and his son, David, both hold executive posts at the company and last year received seven-figure compensation packages.

 
RL
134.12+0.86(+0.65%)2:06 PMEDT