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Board considered firing beleagured CEO.
April 4, 2012
By: TOM BRANNA
Editor
Andrea Jung, chairman and chief executive officer of Avon Products Inc., saw her pay fall 23% to $10.1 million last year, the company reported. In December, the company said that Jung, 53, would step down from the CEO position amid slumping earnings and a foreign-bribery investigation. She will become executive chairman as soon as a replacement is found. On April 2, Avon rejected a $10 billion buyout offer from perfume maker Coty Inc. as too low. The company’s board debated firing Jung la...
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