Edward R. Rosenfeld has been at the helm of Steven Madden Ltd since 2008. Under his leadership, the company has shown remarkable resilience and growth in the competitive footwear market. He graduated cum laude from Amherst College and has a...
Edward R. Rosenfeld has been at the helm of Steven Madden Ltd since 2008. Under his leadership, the company has shown remarkable resilience and growth in the competitive footwear market. He graduated cum laude from Amherst College and has a strong background in finance, which helps in making smart business decisions. In 2022, his total compensation was reported at $733,085, which included a base salary of $1,081,935 but no performance bonuses that year. Although bonuses can be lucrative, they are at the discretion of the Board based on company performance. What's interesting about his tenure is the structure of his employment agreements, which provide significant safety nets in case of terminations during periods of change of control, giving him 2.5 times his average earnings as a cushion. Rosenfeld is not just about numbers; his long-term vision has guided Steven Madden successfully through ups and downs in the fashion industry. He remains a vital figure in the company’s strategy moving forward, shaping a brand known for its trendy footwear. His commitment to aligning executive rewards with company performance shows a focus on long-term growth beyond immediate profit.