What is Mike Jeffries’s net worth and Salary?Mike Jeffries is an American businessman who has a net worth of $300 million. Mike Jeffries is best known for serving as CEO of Abercrombie & Fitch from 1992 through 2014, a period that marked the brand’s rise from bankruptcy to one of the most valuable retailers on the planet, followed by another fall from grace.? Compare Mike Jeffries’ Net WorthEarly Life and EducationMike Jeffries was born in Oklahoma on July 15, 1944. He raised in Los Angeles where his father owned a chain of retail stores called Party Time. After graduating from Claremont McKenna College with a degree in Economics in 1966 he then went on to attend Columbia Business School, earning an MBA in 1968. Mike also spent some time studying at the London School of Economics.After completing his degrees, he worked for various retailers. He spent time in the management training program at Abraham & Strauss, a New York City department store. In 1984 Mike launched his own company, Alcott & Andrews. The company went bankrupt five years later. Next, Mike went to work for a Midwest-based clothing brand called Paul Harris.Abercrombie & FitchIn 1988, the century-old Abercrombie & Fitch was purchased out of bankruptcy by Leslie Wexner’s Limited Brands. Soon after the acquisition, Wexner brought Jeffries on board. He was named CEO in 1992.Due to the brand’s low prospects and recent bankruptcy, management was not particularly interested in running the company themselves, and gave Mike Jeffries almost total control.Over the next decade Mike completely retooled the brand. Thanks to its refreshed and sexier brand image, Abercrombie became immensely popular among teenagers around the world. One of Abercrombie’s primary strategies was to exclusively hire attractive employees.According to Jeffries at the time:”We hire good looking people in our stores because good looking people attract other good looking people and we want to market to cool, good looking people. We don’t market to anyone other than that.” – Mike JeffriesAt the peak of the brand’s success in the late 1990s/early 2000s, Abercrombie was known for employing shirtless men and scantily-clad women as store greeters. Its stores were also known for blaring music and constantly spritzing cologne and perfume in the air. Unfortunately, over time Abercrombie lost its cool. Sales slumped to extreme lows after the 2008 financial crisis.In December 2013, Mike was named the “worst CEO of 2013” by analyst Herb Greenberg after Abercrombie’s stock fell 40% in the previous 12 months. Jim Cramer from CNBC also put Jeffries on his “Wall of Shame.”Mike Jeffries stepped down as CEO on December 9, 2014 after 11 straight quarters of poor performance.CompensationAt his peak Mike owned 3% of Abercrombie’s the company’s shares. If he still owns that 3% stake today, at the company’s current $2 billion market cap, his shares are worth around $60 million. At the peak of the company’s stock price in late 2007, his 3% stake was worth around $100 million.Outside of equity, Mike received hundreds of millions of dollars in salary and bonus compensation. Mike earned $30 million per year or more between 2004 and 2007. In 2008 he was paid $72 million. In 2009, $36.3 million. In 2010 $38.5 million. In 2011 $48.1 million. In 2012 he earned $8.16 million. In 2013 he earned $2.24 million.Total it all up and in the decade between 2004 and 2014, Mike received around $400 million in salary and bonus compensation.Private Jet and Other ControversiesOne of the more infamous and interesting anecdotes related to Mike Jeffries came to light thanks to a lawsuit filed by a private jet pilot in 2012. In his lawsuit, the former pilot claimed he was fired for being too old. While that might be controversial on its own, some details about life aboard the Abercrombie jet would soon overshadow the entire court case.According to filings made by the pilot in this lawsuit, the Abercrombie jet had a strict set of rules, some of which were fairly bizarre. Furthermore, the flight attendants were actually supplied by a male modeling firm. And below is a list of some of the Abercrombie jet rules that had to be strictly followed by these male model flight attendants: Flight attendants had to wear Abercrombie jeans, flip-flops, boxer briefs, and polo shirts. Flight attendants had to respond to all passenger requests with the phrase “No problem”, as opposed to “Sure” or “Just a minute”. Attendants had to frequently “spritz” themselves and the plane with Abercrombie cologne. Coats could only be worn on the plane when the temperature was 50 degrees or lower and all polo shirt collars must be flipped. When serving meals attendants had to wear black gloves for silverware and white gloves for plates of food. The Phil Collins song “Take Me Home” had to be played on the plane’s sound system whenever taking off for return trips. Attendants had yo constantly ensure that there were no fingerprints anywhere. All coats needed to be zipped to the fourth button from the bottom. The lowest button had to be left undone. All hats had to have a two inch thick brim which should sit in the middle of the forehead. “Houseboys” and flight attendants who broke the rules reportedly were punished with shirtless push ups.It was also alleged that Mike’s house staff was provided by the same male modeling firm and was forced to follow a similar set of rules.The pilot lawsuit was settled out of court for an undisclosed amount.Personal LifeIn 1971 Mike married Susan Marie Isabel Hansen. They had one child together.In September 2013 he reportedly married a woman named Annabel Vartanian, though this is unconfirmed. Around the same time as this purported marriage, Mike was reportedly living with a male partner named Matthew Smith. Today Mike and Matthew run the Jeffries Family Office together.
What is Meg Whitman’s Net Worth?Meg Whitman is an American business executive who has a net worth of $3.5 billion. Meg Whitman has served in senior positions at a number of major companies. She was the president and CEO of eBay and the Hewlett-Packard Company; the CEO of Quibi; and an executive at the Walt Disney Company, DreamWorks, Hasbro, and Procter & Gamble. Beyond her business endeavors, Whitman ran for governor of California in 2010.? Compare Meg Whitman’s Net WorthEarly Life and EducationMeg Whitman was born as Margaret Whitman on August 4, 1956 in Huntington, New York to Hendricks Jr. and Margaret. As a teen, she went to Cold Spring Harbor High School, from which she graduated in 1974. Whitman subsequently attended Princeton University to study to become a doctor; however, she changed to economics after she spent a summer selling ads for Business Today magazine. After obtaining her AB from Princeton in 1977, Whitman went to Harvard Business School to earn her MBA.Career BeginningsAfter graduating from Harvard in 1979, Whitman started her career as a brand manager at Procter & Gamble. Following this, she became a consultant at Bain & Company, and was eventually promoted to senior vice president. In 1989, Whitman began serving as vice president of strategic planning at the Walt Disney Company. Two years after this, she worked for the Stride Rite Corporation; after that, in 1995, she became the president and CEO of Florists’ Transworld Delivery. Whitman then became the general manager of Hasbro’s Playskool Division in 1997. Among her actions in that position, she imported the British children’s television show “Teletubbies” to the United States.eBayIn 1998, Whitman became the CEO of the e-commerce company eBay, which at that time had only 30 employees and around $4 million in revenue. During her nearly decade-long tenure with the company, eBay grew to around 15,000 employees and $8 billion in annual revenue. To do this, Whitman built a new executive team and split the company into 23 business categories, assigning executives to each of them. In 2002, eBay went public and acquired PayPal. Three years after that, it purchased Skype for $4 billion; the company later sold Skype to investors for around $2.75 billion. Although Whitman resigned as the CEO of eBay in late 2007, she stayed on the board and worked as an advisor to the new CEO John Donahoe through 2008.Hewlett-PackardWhitman joined the board of directors of the Hewlett-Packard Company in January of 2011; in September, she was named the company’s CEO. In her first year in that position, she brought back focus to the company’s research and development division, and reinstated HP’s commitment to the PC business. However, trouble plagued Whitman over the subsequent years. In 2013, she was named among the most “underachieving” CEOs by Bloomberg L.P. due to HP’s significantly underperforming stock. Later, in 2017, Whitman stepped down as the chair of the board of directors while remaining CEO. She eventually resigned from the latter position in February of 2018.QuibiFrom its founding in the summer of 2018, Whitman served as the CEO of the short-form media streaming platform Quibi, which officially launched in 2020. Five months after its launch, the company was considering acquisition or sale due to its failure to draw subscribers. Quibi was eventually shut down in December of 2020, with its content library sold to Roku in early 2021.Board AppointmentsWhitman has served on the board of directors of numerous companies over the years, including DreamWorks, Procter & Gamble, the eBay Foundation, Zipcar, and Survey Monkey. She also served on the board of Goldman Sachs, but resigned after 14 months when it was revealed that she had received shares in a number of public offerings managed by the company.Political CareerWhitman made her first major foray into politics in 2008, when she became a member of the national finance team of Republican presidential candidate Mitt Romney. Following Romney’s withdrawal from the race, Whitman became the national co-chair of John McCain’s campaign. Later, in 2016, she served as the finance co-chair of Chris Christie’s presidential campaign; however, after he dropped out, she endorsed Democratic candidate Hillary Clinton.In addition to working on presidential campaigns, Whitman ran for office herself in 2010 as a candidate for governor of California. She funded her own campaign, spending a record $144 million. Whitman ran on a platform that emphasized job creation, a reduction in state government spending, and a reform of the K-12 education system. Ultimately, she lost the election to Jerry Brown. Later, in December of 2021, Whitman was nominated by President Joe Biden to become the US ambassador to Kenya.Personal Life and PhilanthropyIn 1980, Whitman married Griffith R. Harsh IV, the Chair of Neurosurgery at the University of California, Davis. Together, the couple has two children, and resides in Atherton, California.With her husband, Whitman founded the Griffith R. Harsh IV and Margaret C. Whitman Charitable Foundation in 2006. In its first year of operation in 2007, it made charitable contributions totaling around $125,000, most of which went to the Environmental Defense Fund. The foundation also invested $4 million in offshore hedge funds.
What is Mark Rober’s Net Worth?Mark Rober is a YouTuber, inventor, and engineer who has a net worth of $5 million. Mark Rober is best known for his YouTube videos focusing on popular science and DIY tools. Before becoming a star on the social media platform, he worked at NASA for nine years as an engineer, during which time he contributed to the development of the Mars Curiosity rover. Rober also worked at Apple for four years as a product designer in the Special Projects Group.? Compare Mark Rober’s Net WorthEarly Life and EducationMark Rober was born in either 1980 or 1981 in Orange County, California. He became interested in engineering early on in his life, and demonstrated both his curiosity and industriousness by creating a pair of goggles that prevented the buildup of tears while one cut onions. Rober took this passion and skill to his higher education, attending Brigham Young University as a mechanical engineering major. He went on to enroll in graduate school at the University of Southern California, from which he earned his master’s degree.Career BeginningsIn 2004, Rober joined the Jet Propulsion Laboratory at NASA. He spent nine years working there, seven of which were focused on the development of the Curiosity rover, an automobile-sized rover designed to explore the Gale crater on Mars. Additionally, Rober developed hardware for a number of missions launched by the Jet Propulsion Laboratory, including the Mars Science Laboratory, the Gravity Recovery and Interior Laboratory, and the Soil Moisture Active Passive. At NASA, Rober was among the main architects of the comprehensive knowledge-capture wiki known as JPL Wired. Further, he published a case study on applying wiki technology in high-tech organizations in order to record corporate knowledge.While at NASA, Rober started making videos on an array of topics, including April Fools’ Day pranks and tips and tricks for beating escape rooms. Many of his videos also centered on scientific matters such as water purification and sand fluidization.YouTube ChannelRober uploaded his first video to YouTube in October of 2011. In the video, he exhibited a custom-made Halloween costume created using a pair of iPads that made it appear as if his body was transparent. This video ended up going viral, racking up over one million views in a single day. Rober’s channel continued to take off, drawing several millions of views and subscribers over the subsequent years. In December of 2018, he had one of his most successful uploads with a video showcasing his prank on package thieves, which involved the thieves being sprayed with a fetid odor and doused in glitter. In just one day, the video accumulated 25 million views. Later, Rober found out that two of the thieves were friends of someone he had hired to catch the real package thieves. Over the following two years, he made and presented upgraded versions of the glitter bomb.In October of 2019, Rober launched one of his biggest projects yet, in partnership with fellow YouTube MrBeast: it was called #TeamTrees, a collaborative fundraiser that aimed to raise $20 million to plant 20 million trees. The donations went to the Arbor Day Foundation, which began planting in January of 2020. By the end of the year, the project had raised $23.6 million. The trees are planted all around the world, with locations including Brazil, Canada, China, Haiti, Kenya, Peru, Nicaragua, the United States, Thailand, Turkey, the United Kingdom, and Indonesia. Rober followed this project in 2021 with #TeamSeas, another collaborative fundraiser launched with MrBeast. This project was designed to raise $30 million for cleaning up seas and beaches, removing a pound of marine debris for each dollar donated.Other EndeavorsDue to the viral success of his 2011 Halloween YouTube video, Rober established the online Halloween costume company Digital Dudz in 2012; it specializes in app-integrated costumes of the kind seen in his original video. Over its first three weeks of operation, the company amassed $250,000 in revenue, and by 2013 was selling its products in retail stores, including Party City. Digital Dudz’s costumes were featured on a number of channels and television programs as well, including CNN, Discovery Channel, and “The Today Show.” In 2013, Rober sold the company to the UK-based spandex company Morphsuits. Also prompted by one of his YouTube videos, Rober collaborated with software engineer Jim Browning and multiple state and federal entities to use the glitter bomb he created to target and arrest money mules at scam-call centers.Among his other endeavors, Rober has written articles for Men’s Health; given TEDx talks entitled “How to Come Up with Good Ideas” and “The Super Mario Effect – Tricking Your Brain into Learning More”; and appeared multiple times on “Jimmy Kimmel Live!” With Kimmel, he starred on a hidden-camera show on the Discovery Channel. From 2015 to 2020, Rober served as a product designer in the Special Projects Group of Apple Inc., working on the company’s on-board entertainment for its self-driving cars. For this project, he wrote a pair of patents related to virtual reality technology.Personal LifeWith his wife and son, Rober resides in Sunnyvale, California. Due to his son’s autism diagnosis, he does advocacy work to raise awareness of the condition.