Massive payout for Gucci executives
It has emerged that executives at Gucci could net over $390 million in share options following the conclusion of a deal with France's Pinault-Printemps-Redoute (PPR), which won its long-running battle with Moet-Hennessy for control of the company. According to a report in the UK Financial Times, the main beneficiaries will be creative director Tom Ford, who could receive $150 million and chief executive Domenico De Sole who could gain $75 million. The figures make the two executives the highest paid in Europe.