Pursuits
Abercrombie CEO Jeffries’s Pay Drops 72% as Profit Falls
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Abercrombie & Fitch Co. Chief Executive Officer Michael Jeffries saw his pay shrink 72 percent last year as the teen retailer’s sales and profit fell.
Total compensation for Jeffries was $2.24 million in fiscal 2013, which ended Feb. 1, the New Albany, Ohio-based company said today in a filing. That’s down from $8.16 million in the previous year and $48.1 million in fiscal 2011. He was paid more than $20 million a year in the three years before that as well.