Friday, October 29, 2010

Abercrombie & Fitch boss gets $4m for agreeing not to use corporate jet

Abercrombie & Fitch
Abercrombie & Fitch clothing in Chicago. The firm's boss, Mike Jeffries, was paid a total of £15.9m in 2008. Photograph: Tim Boyle/Getty Images Here's one to file under "money for old rope". The boss of the hipster clothes retailer Abercrombie & Fitch is getting a $4m one-off payout in return for agreeing to limit his use the firm's corporate jet for personal trips.

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