Textile rebound puts a bounce in exec salaries

Authors :: Ryan, Thomas J.
Source :: WWD. May 11, 1993, Vol. 165 Issue 90, p1, 3 p.
Publication Year :: 1993
Abstract: Salaries of executives in the textile industry increased as the industry recovered during 1992. Average salaries increased 26.9%, or to $743,040, as compared to $585,404 in 1991. Textile gains are attributed to improved balance sheets and a rebound in operating results. Burlington Industries Equity's Chmn, Pres and CEO Frank S. Greenberg was awarded the top salary among 14 textile mills' executives, with a $1.8 million salary, which includes a 35.3% increase.<br />NEW YORK -- Fashion has taken a solemn vow this season, as designers turn to the church for inspiration. The result is austere cassocks or flowing robes fit for any [...]