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October 5, 2001
By: TOM BRANNA
Editor
Estee Lauder chairman Leonard Lauder saw his bonus and salary drop after the beauty products maker reported net earnings for fiscal 2001 were $307.4 million, down from $314.1 million the previous year. As a result, the 68-year old Mr. Lauder’s salary was reduced 6% and his bonus was cut 66%. Mr. Lauder, 68, saw his bonus fall from $4.9 million in 2000 to about $1.7 million and his annual salary dropped to $1.8 million from $1.92 million, according to a proxy statement filed with the Securi...
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