Burberry's CEO Took a 75% Pay Cut

Christopher Bailey, chief executive officer of Burberry Group Plc, stands for a photograph as he arrives at an event to launch the Burberry festive campaign in London, U.K., on Tuesday, Nov. 3, 2015. The global market for personal luxury goods is heading for its weakest year since 2009 as a combination of stock market turmoil, a strong dollar and a commodity-price rout curb demand. Photographer: Chris Ratcliffe/Bloomberg via Getty Images