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.” Continue reading…
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