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Daniel Piette was the CEO of Inter Parfums, a fragrance company known for its creativity and luxury products. He held this role from 2006 when he stepped in at a time when the company was facing challenges, including high startup...

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Daniel Piette

Ex-CEO of Inter Parfums

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

CEO of Inter Parfums for

0 years 5 months (Jun 2006 - Dec 2006)

Previous Experience

CEO of various divisions of LVMH.

Holdings

See how much did Daniel Piette make over time.

Daniel Piette's holdings in Inter Parfums have seen a steady presence, indicating his belief in the company's long-term potential. In 2003, he held around 8,000 shares of the company's stock, showcasing a personal investment in what he was managing. Over...

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Insider Trading

See recent insider trades of Daniel Piette.

No insider trades found for this CEO.

Compensation History

See how much did Daniel Piette make over time.

In 2006, Daniel Piette earned a total compensation of $652,000 as CEO of Inter Parfums. This figure included a base salary of $400,000 but notably didn’t involve cash bonuses due to the company's performance challenges. Despite not receiving stock grants in that year, his compensation was rounded off with other benefits, illustrating the complex nature of executive pay. His compensation plan was designed to attract and retain key talent, ensuring it aligned with performance metrics centered around after-tax profits. Overall, his pay reflected a balance of risk and potential earnings aligned with the company’s health and ambitions.

Year

2006

Total Compensation

$652.00K

Salary

$400.00K

Board Justification

The compensation program aims to balance sufficient compensation to retain or attract executives while keeping it at reasonable levels, with a focus on performance and alignment with shareholder interests.

Bonus

$0.00

Board Justification

The CEO did not receive a cash bonus due to the expenses incurred by United States operations with respect to start-up costs for fragrance products and a downward sales trend in the mass market.

Other

$252.00K

Board Justification

Other compensation includes various benefits such as lodging and automobile expenses.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2006.

Performance Metrics

The CEO's compensation is tied to the company's after-tax profit targets.