Managing Director Patrick Haggerty was quoted in the Reuters article, “Ralph Lauren Ties Executive Payouts to AI in Sign of Retail's Shifting Priorities."
Only 2% of public companies across sectors have incorporated AI into executive incentive structures, according to a review by compensation advisory firm Pearl Meyer of 2,500 proxy statements filed this year.
Ralph Lauren is "probably ahead of the curve in terms of what they are doing," said Patrick Haggerty, a managing director at Pearl Meyer.