Burberry Considers Boosting CEO Gobbetti’s Pay Package
- Gobbetti’s compensation totaled 4 million pounds last year
- Fashion label has faced opposition to previous CEO pay deals
Photographer: John Keeble/Getty Images
This article is for subscribers only.
Burberry Group Plc is considering an increase to Chief Executive Officer Marco Gobbetti’s compensation even as his turnaround of the British fashion brand has hit challenges ranging from Hong Kong protests to the coronavirus.
The board is discussing raising the maximum award under Gobbetti’s long-term incentive plan to 400% of salary from 325%, according to people familiar with the situation. The remuneration committee is also weighing potential changes to performance metrics that could lift his payout, said the people, who asked not to be named because the deliberations are confidential.