Summary
Abercrombie & Fitch Co., which makes clothing aimed at teens, will limit CEO Mike Jeffries' personal use of the company aircraft but will pay him a hefty $4 million because of the change.
The company said in a securities filing Tuesday that if CEO Mike Jeffries' use of the aircraft exceeds $200,000 during a fiscal year he must now reimburse the company. Jeffries would have to pay some of his $4 million back if he leaves the company without "good reason," as specified by his contract.See the full content of this document
Extract
Abercrombie Limits Ceo's Personal Jet Use
Jeffrie...
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