Michael S. Jeffries held a prominent position in Abercrombie & Fitch, sitting on a stock fortune that fluctuated widely throughout his time as CEO. At one point, he was making major insider trades, with values hitting over $103 million in...
Michael S. Jeffries held a prominent position in Abercrombie & Fitch, sitting on a stock fortune that fluctuated widely throughout his time as CEO. At one point, he was making major insider trades, with values hitting over $103 million in early 2024. The stock appreciation rights he received were worth millions, but they weren't always guaranteed. When the company’s performance didn’t meet expectations, his compensation took a hit, demonstrating the risk and reward nature of his pay structure. The retention grant he received included 4 million shares in 2008, illustrating his long-term investment in the company. Overall, his financial stakes in Abercrombie showcased a true alignment with shareholder interests, while also reflecting the volatility of the retail market.