One CFO's Revolving Door

Robert Madore – One CFO’s Revolving Door by Footnoted

Back on July 1, Ralph Lauren filed this 8-K providing separation details for its CFO, Robert Madore. While the company had previously announced Madore’s plans to step down, it waited until after the markets closed on the eve of a three-day holiday weekend (the Fourth of July) to provide Madore’s compensation details.

Robert Madore

We’ll go out on a limb here and say it probably had something to do with the $2.5 M in severance spelled out in Madore’s severance agreement. In exchange, Madore had to stick around until Sept. 30, which is today....