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(Huffington Post)   Abercrombie & Fitch shareholders vote overwhelmingly against the CEO's pay package, which, by the looks of him, has gone primarily to botched plastic surgeries   (huffingtonpost.com) divider line 86
    More: Interesting, Abercrombie, Abercrombie & Fitch, executive pay, CEO, Fitch  
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15047 clicks; posted to Main » on 25 Jun 2013 at 11:39 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-06-25 10:44:47 AM  
thanks to that asshole's big mouth, i'm guessing abercrombie is no longer cool amongst the 15-25 set, so their revenues will decrease accordingly.
 
2013-06-25 10:49:54 AM  
Yikes....and that pic is from 2009.
 
2013-06-25 10:53:25 AM  

FlashHarry: thanks to that asshole's big mouth, i'm guessing abercrombie is no longer cool amongst the 15-25 set, so their revenues will decrease accordingly.


Nah, I doubt it. Teenagers aren't exactly known for being crusaders of social justice, unwilling to rest until the outcast and downtrodden are all included. The clothes are appealing for their exclusivity. Fatties and poor kids need not apply. The real death of A&F will come when knock-offs start showing up in flee markets and trailer park kids are wearing it.
 
2013-06-25 10:56:04 AM  

kid_icarus: Teenagers aren't exactly known for being crusaders of social justice


you'd be surprised. i think today's teens are much more socially conscious than even recent generations.
 
2013-06-25 11:14:08 AM  

FlashHarry: kid_icarus: Teenagers aren't exactly known for being crusaders of social justice

you'd be surprised. i think today's teens are much more socially conscious than even recent generations.


What I find surprising is that A&F is still considered trendy. That shiat came into popularity when I was in high school in the mid-late 90s. Don't fashions usually change in that amount of time?
 
2013-06-25 11:29:29 AM  

kid_icarus: What I find surprising is that A&F is still considered trendy. That shiat came into popularity when I was in high school in the mid-late 90s. Don't fashions usually change in that amount of time?


i walked into an A&F store a few years ago. all of the clothes were wrinkled beyond recognition and smelled of bilge - as if they'd just been unpacked from their shipping boxes, straight off the boat from bangladesh. it was pretty appalling.
 
2013-06-25 11:42:30 AM  

FlashHarry: kid_icarus: Teenagers aren't exactly known for being crusaders of social justice

you'd be surprised. i think today's teens are much more socially conscious than even recent generations.


They can't read or do math but they sure know how to feel your pain
 
2013-06-25 11:43:52 AM  

FlashHarry: kid_icarus: What I find surprising is that A&F is still considered trendy. That shiat came into popularity when I was in high school in the mid-late 90s. Don't fashions usually change in that amount of time?

i walked into an A&F store a few years ago. all of the clothes were wrinkled beyond recognition and smelled of bilge - as if they'd just been unpacked from their shipping boxes, straight off the boat from bangladesh. it was pretty appalling.


HAHAHAHA! You were in a A&F store!!!!

it's all i got.
 
2013-06-25 11:44:04 AM  
In an emailed statement to The Huffington Post, Abercrombie spokesman Mackenzie Bruce acknowledged that the company's executives received a "negative say on pay" vote, but said the retailer has made efforts to address investor concerns

So he's not overpaid, it's just a "messaging" problem.
 
2013-06-25 11:44:56 AM  
He's a catcher's mitt with eyes!
1.bp.blogspot.com
 
2013-06-25 11:45:42 AM  

kid_icarus: FlashHarry: thanks to that asshole's big mouth, i'm guessing abercrombie is no longer cool amongst the 15-25 set, so their revenues will decrease accordingly.

Nah, I doubt it. Teenagers aren't exactly known for being crusaders of social justice, unwilling to rest until the outcast and downtrodden are all included.


Well, unless you can solve the problem by clicking the "Like" button.
 
2013-06-25 11:47:49 AM  
Jefferies received $41.8 million in overall compensation last year

What the  fark does someone do that makes them think they deserve to earn that kind of money?  I can bullshiat my way through meetings too.
 
2013-06-25 11:48:25 AM  
Before                                   After

ts2.mm.bing.net
 
2013-06-25 11:49:20 AM  
It's "say" on pay. He'll thank the owners for their opinion, and then go on to extract huge chunks of profit from the company and laugh all the way to the bank.

/this country has confused CEO with entrepreneur, when most CEOs are connected rich kids who run companies older than they are -and act like they founded it.
 
2013-06-25 11:52:45 AM  
pmands.com

Croud Atras
 
2013-06-25 11:56:44 AM  
He'll still make a ton of money regardless. When the company starts addressing all employee pay and decides to pay a living wage like Costco, then that should be news.
 
2013-06-25 11:57:56 AM  
"The shareholder vote is non-binding, which means the company can award the executives the pay packages in spite of investor discontent."

Still, good to see the shifting perceptions and people willing to put their votes where their mouths are. Even if the votes are symbolic only.
 
2013-06-25 11:58:00 AM  

FlashHarry: thanks to that asshole's big mouth, i'm guessing abercrombie is no longer cool amongst the 15-25 set, so their revenues will decrease accordingly.


Yeah, he's retahded and his shait's all farked up.
 
2013-06-25 11:59:53 AM  
So I guess you could say they thought his pay package was too fat?
 
2013-06-25 12:01:29 PM  
"Jefferies received $41.8 million in overall compensation last year"

This is what is wrong with the world today. Nobody is worth that kind of pay... especially for snob clothing.
 
2013-06-25 12:02:15 PM  

MBooda: He's a catcher's mitt with eyes!
[1.bp.blogspot.com image 320x224]


You sound fat like you've got a small face.
 
2013-06-25 12:02:15 PM  

FlashHarry: thanks to that asshole's big mouth, i'm guessing abercrombie is no longer cool amongst the 15-25 set, so their revenues will decrease accordingly.


Following his comments about wanting only cool people to wear their brand, there stock price went up.  It has since returned to pre-controversy levels, but his comments haven't hurt the company, even if it ultimately hurts his compensation package.
 
2013-06-25 12:04:31 PM  

BojanglesPaladin: "The shareholder vote is non-binding, which means the company can award the executives the pay packages in spite of investor discontent."

Still, good to see the shifting perceptions and people willing to put their votes where their mouths are. Even if the votes are symbolic only.


i dnrtfa, but generally, the shareholders could vote out the board.  while they can't technically force the board into making one decision over another, they can just get rid of them.

so, this little vote is like a warning.
 
2013-06-25 12:05:21 PM  
I dunno, this  fella's lookin' a little chunky and doughy to me, I'm not sure he's really the kind of guy the CEO has said he wants wearing A&F clothing
i.huffpost.com
What's that? he's WHO?  ANd HE had the balls to say what he did?   And yeah, he's clearly had the full "Cat people" plastic surgery package you usually only see on aging b-list starlets.  I mean really dude, Collagen lip injections?  On a guy?
 
2013-06-25 12:06:34 PM  

FlashHarry: thanks to that asshole's big mouth, i'm guessing abercrombie is no longer cool amongst the 15-25 set, so their revenues will decrease accordingly.


Actually doubling down on the dbaggery is probably their best bet. They are selling elitism and have made that their model for years. His comments only serve to secure that position.

You dont pay $80-100 for a wrinkled/homeless looking tshirt because it's better, you pay it because telling people you paid a ton for clothes that have no utility makes you seem rich and cool. I should know i was an abercrombe wearing dbag in highschool (recovered now).

Look at what happened to lululemon, they started apologizing that their yoga pants didnt function properly on fatties, and now the upper middle class suburban moms dont want to buy them anymore.

fatties and uggos werent buying those things to begin with so they dont lose money by not marketing to them, but they lost points by not standing their cool ground.
 
2013-06-25 12:06:36 PM  

jaybeezey: HAHAHAHA! You were in a A&F store!!!!

it's all i got.


made the mistake once. and once was enough.
 
2013-06-25 12:07:51 PM  
I wish I could get paid half of what he made last year to help tank a company that no one even cares about anymore....it's not 2000. I can't even remember the last time I saw A&F clothing except maybe on some panhandlers who got it from Goodwill.
 
2013-06-25 12:08:12 PM  
A&F aint going out of business because of Mr. Mask's comments.  As much as I'd like them to.  Maybe due to over extension of their stores, increased competition, etc., could kill em.

OTOH, like a release of a box office bomb, A&F can also redirect its sales to Asia, Europe and other places if it starts to lose too heavily domestically. On such items, they can be marketed more as luxury items and charge easily twice as much.  Other brands have successfully done that strategy.

So in the end, folks,  the guy who is the personification of that preppie a-hole who used to pull up your underwear in HS gym class and laugh with the cheerleaders at your no-dating loser dress style is probably going to win.

Life aint fair.
 
2013-06-25 12:09:04 PM  
bondo.com
 
2013-06-25 12:13:50 PM  

chikinpotpi: They are selling elitism and have made that their model for years.


the day people in a&f are the country's elite is the day i stop wearing a suit and tie to work.

/ actually, no... the day that courts don't require you to appear in a jacket and tie will be the day i stop wearing a suit and tie to work... meh, probably not.  fark it, once you wear a suit and tie everyday, it becomes second nature.  like wearing t-shirts and sandals.  and people think you did something special when all you did was dress yourself.
 
2013-06-25 12:14:40 PM  

Stoker: "Jefferies received $41.8 million in overall compensation last year"

This is what is wrong with the world today. Nobody is worth that kind of pay... especially for snob clothing.


You would think when he personally cost the company hundreds of millions of dollars with his comments he be more likely up for an inquiry to kick him out. The guy is a total arsehole though. Always has been. From my experience with him, I never seen him do a non dickish thing yet.
 
2013-06-25 12:20:30 PM  

BojanglesPaladin: "The shareholder vote is non-binding, which means the company can award the executives the pay packages in spite of investor discontent."

Still, good to see the shifting perceptions and people willing to put their votes where their mouths are. Even if the votes are symbolic only.


Occupy United Nations!
 
2013-06-25 12:21:42 PM  

OhioUGrad: I wish I could get paid half of what he made last year to help tank a company that no one even cares about anymore....it's not 2000. I can't even remember the last time I saw A&F clothing except maybe on some panhandlers who got it from Goodwill.


A&F is still big... in Japan and China.  The only people I EVER see wearing it are fresh-off-the-plane types on the university campus downtown pointing and photographing things, which means the brand is as good as dead in the U.S. which begs the question: do they hire white models to work at their stores in Asia?  I would imagine that the walls are still plastered with Aryan faces though, the asians do seem to be a self-loathing bunch. Regardless, the sporty well heeled white kids abandoned the brand well over a decade ago, although Hollister still seems to have some pull with the Mormon and wannabe Mormon set.
 
2013-06-25 12:23:31 PM  

Stoker: This is what is wrong with the world today. Nobody is worth that kind of pay... especially for snob clothing.


I don't buy the notion that there is some arbitrary "too much" amount that no one should be earning above, nor do I see any relation between CEO pay and part-time retail worker pay. What the head of GE earns simply has no relation whatsoever to what a janitor at a GE subsidiary makes.

That being said, Companies should be paying their employees a rate in line with current market prices - more if they wish to cultivate loyalty or skill or expertise. But frankly, in the case of A&F, retail workers are completely fungible. It's unskilled labor. I have no idea what they pay their buyers, managers, and whatnot.

However, since A&F is actually DOWN, and have adjusted profit expectations down, and expect them to remain down for the rest of the year, he has no business making anything but LESS than he did before. Especially considering he created a boycott of his company

Further, Abercrombe seems to have a really lousy record with employees, from forgetting to pay them, to punitive calisthenics, to forcing them to buy from the company store, to blatant racism, sexism, and even mistreating the handicapped.

So basically, fark them and fark their CEO. I don't care what he makes, I hope the whole damn company goes out of business.
 
2013-06-25 12:24:05 PM  
oblig...

www.funnypictures.net.au
 
2013-06-25 12:24:46 PM  

pute kisses like a man: chikinpotpi: They are selling elitism and have made that their model for years.

the day people in a&f are the country's elite is the day i stop wearing a suit and tie to work.

/ actually, no... the day that courts don't require you to appear in a jacket and tie will be the day i stop wearing a suit and tie to work... meh, probably not.  fark it, once you wear a suit and tie everyday, it becomes second nature.  like wearing t-shirts and sandals.  and people think you did something special when all you did was dress yourself.


yeah, i could have phrased that better. They are selling perceived elitism to people who have no idea what real wealth looks like.

I agree on the suit, wearing one for years has caused me to be completely comfortable in them (also buying ultra-sweet hand made suits helps). The ladies love them, and when people see you in them they assume you must do something cool.

i honestly havent kept up with abercrombe since i wore them in the late 90s, they seem to have fallen quite a long ways.
 
2013-06-25 12:25:41 PM  

KidKorporate: the Mormon and wannabe Mormon set.


What the hell is a "wannabe Mormon set?". Is that a thing?
 
2013-06-25 12:27:12 PM  

chikinpotpi: They are selling elitism and have made that their model for years.


You can't be "elite" when you are at the local mall.
 
2013-06-25 12:29:41 PM  

FlashHarry: thanks to that asshole's big mouth, i'm guessing abercrombie is no longer cool amongst the 15-25 set, so their revenues will decrease accordingly.


His comments may have been insensitve, but they weren't inaccurate.
 
2013-06-25 12:32:31 PM  

BojanglesPaladin: chikinpotpi: They are selling elitism and have made that their model for years.

You can't be "elite" when you are at the local mall.


All that matters is what the consumers are thinking when they open their wallets.  Whether they're right or wrong is completely immaterial.
 
2013-06-25 12:40:33 PM  

Magorn: I dunno, this  fella's lookin' a little chunky and doughy to me, I'm not sure he's really the kind of guy the CEO has said he wants wearing A&F clothing
[i.huffpost.com image 570x238]
What's that? he's WHO?  ANd HE had the balls to say what he did?   And yeah, he's clearly had the full "Cat people" plastic surgery package you usually only see on aging b-list starlets.  I mean really dude, Collagen lip injections?  On a guy?



The inflated lips act as a bumper so balls don't slam into his chin.
 
2013-06-25 12:43:20 PM  
And so it begins
 
2013-06-25 12:44:36 PM  

pute kisses like a man: BojanglesPaladin: "The shareholder vote is non-binding, which means the company can award the executives the pay packages in spite of investor discontent."

Still, good to see the shifting perceptions and people willing to put their votes where their mouths are. Even if the votes are symbolic only.

i dnrtfa, but generally, the shareholders could vote out the board.  while they can't technically force the board into making one decision over another, they can just get rid of them.

so, this little vote is like a warning.


I hope so, it makes me wonder what the Shareholders can actually do with their power if the votes are "non-binding". It reminds me of the "Old Man" Chairman's argument from Robocop 2, "Anyone can buy OCP stock and own a piece of our city. What could be more democratic than that?"
 
2013-06-25 12:53:49 PM  

DarkSoulNoHope: pute kisses like a man: BojanglesPaladin: "The shareholder vote is non-binding, which means the company can award the executives the pay packages in spite of investor discontent."

Still, good to see the shifting perceptions and people willing to put their votes where their mouths are. Even if the votes are symbolic only.

i dnrtfa, but generally, the shareholders could vote out the board.  while they can't technically force the board into making one decision over another, they can just get rid of them.

so, this little vote is like a warning.

I hope so, it makes me wonder what the Shareholders can actually do with their power if the votes are "non-binding". It reminds me of the "Old Man" Chairman's argument from Robocop 2, "Anyone can buy OCP stock and own a piece of our city. What could be more democratic than that?"


they can sell, and in order to sell immediately they will sell at a price lower than the market mid. If a ton of people all do this at once the stock value drops, and the board (who hold a ton of shares) will let the CEO go and hire a new one....

granted that's not as easy as just firing the dude, or having the votes be binding, but it has worked for years.
 
2013-06-25 12:53:59 PM  

BojanglesPaladin: chikinpotpi: They are selling elitism and have made that their model for years.

You can't be "elite" when you are at the local mall.


You are "elite" if you are buying things from the local mall.

In the most ironic way possible.
 
2013-06-25 12:56:09 PM  
IDIOT!  Inflated ego plus personality disorder!  What could be better for an executive.  They are people who run businesses that employ thousands of people.  Are they looking for thin cool looking workers?  O yeah, Chinese are mostly thin.  Ghastly looking face.  When that wears out he'll look even worse.  Lord, there is justice.
 
2013-06-25 12:58:34 PM  

MBooda: He's a catcher's mitt with eyes!
[1.bp.blogspot.com image 320x224]


Oh Z'no!
 
2013-06-25 12:58:43 PM  
I remember going to an Astro's game back in the late Nineties and seeing a whole section of younguns wearing A&F t-shirts.  Every one of them, they all looked the same to me.  I thought how nice it was for some law firm to spring for all of these under-priveledged kids to come to a game.

/astroturf, off.
 
2013-06-25 12:59:52 PM  

BojanglesPaladin: Stoker: This is what is wrong with the world today. Nobody is worth that kind of pay... especially for snob clothing.

I don't buy the notion that there is some arbitrary "too much" amount that no one should be earning above, nor do I see any relation between CEO pay and part-time retail worker pay. What the head of GE earns simply has no relation whatsoever to what a janitor at a GE subsidiary makes.

That being said, Companies should be paying their employees a rate in line with current market prices - more if they wish to cultivate loyalty or skill or expertise. But frankly, in the case of A&F, retail workers are completely fungible. It's unskilled labor. I have no idea what they pay their buyers, managers, and whatnot.

However, since A&F is actually DOWN, and have adjusted profit expectations down, and expect them to remain down for the rest of the year, he has no business making anything but LESS than he did before. Especially considering he created a boycott of his company

Further, Abercrombe seems to have a really lousy record with employees, from forgetting to pay them, to punitive calisthenics, to forcing them to buy from the company store, to blatant racism, sexism, and even mistreating the handicapped.

So basically, fark them and fark their CEO. I don't care what he makes, I hope the whole damn company goes out of business.


I was surprised to see that the A&F at my local mall recently closed. Maybe its the start of the end?
 
2013-06-25 01:03:27 PM  
Does anyone remember that live-action "Beauty and the Beast" TV show with Ron Perlman?
 
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