This story originally published on sister site, Modern Retail.
One prominent retailer recently made a change to executive payouts, highlighting how much the industry’s priorities have shifted in recent years.
Earlier this month, Reuters published a story about how Ralph Lauren added “AI metrics” as one of the factors that could now be used to adjust annual incentive payouts for executives, alongside more traditional business metrics. Reuters found the change in a 131-page SEC disclosure. A Ralph Lauren spokesperson told Reuters that the change reinforced to executives “opportunities for leveraging AI to enhance our work.”
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