THE WHAT? Estée Lauder has unveiled the executive pay for 2023, revealing a significant cut. The total pay package for Fabrizio Freda, the President and CEO, is $21.8 million, a marked decrease from previous years.
THE DETAILS Freda’s considerable drop in total pay from $65.9 million in 2021 and $25.48 million in 2022 mainly results from the substantial stock awards he received in 2021. Despite this decline, his base salary stays unchanged at $2.1 million for another year. Other executives, including William P. Lauder and Tracey T. Travis, are also facing a reduction in their total pay packages, listed at $7.8 million and $8.3 million, respectively.
THE WHY? This reduction in executive compensation coincides with Estée Lauder’s financial struggles, as the company’s yearly forecasts have failed to meet the expectations. The ongoing challenges in recovering its stance in the Asia travel market have influenced the company’s overall financial health, leading to the pay cut for its executives.
Buy aesthetic products refers to the act of purchasing items that are specifically designed for enhancing or maintaining beauty, often related to skincare, cosmetics, or procedures in the field of aesthetics. These products can include a wide range of items intended to improve the appearance and health of the skin, hair, and body. Here are some examples of aesthetic products that individuals might purchase:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments targeting specific skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows designed to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Dermatological Treatments: Prescription or over-the-counter treatments for medical conditions like acne, eczema, psoriasis, or rosacea.
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Aesthetic Devices: Equipment used for professional treatments including laser devices, microneedling pens, radiofrequency devices, and IPL (Intense Pulsed Light) machines.
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Injectable Aesthetics: Products such as dermal fillers and botulinum toxin (Botox) used to enhance facial contours, reduce wrinkles, and achieve smoother skin.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
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Home Use Beauty Devices: Devices like facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
