During his time at Capri Holdings as CEO of Michael Kors, Joshua Schulman was granted a substantial equity award worth around $15 million. However, following his departure in March 2022, he only ended up with a fifth of that due...

During his time at Capri Holdings as CEO of Michael Kors, Joshua Schulman was granted a substantial equity award worth around $15 million. However, following his departure in March 2022, he only ended up with a fifth of that due to the timing of vesting conditions. His holdings primarily consisted of restricted stock units (RSUs), which were tied directly to his performance metrics at the company. Despite securing a significant compensation package, Schulman's tenure was marked by challenges, as he did not qualify for bonuses due to unmet performance targets. This highlights the volatility and impact of leadership in the fashion world, where executives often face immense scrutiny and pressure to deliver results quickly.