:format(webp)/cdn.vox-cdn.com/uploads/chorus_image/image/45472308/racked_placeholder.4.0.jpg)
Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Recent cost cutting and restructuring have helped Gap turn a profit, but those measures seem not to have affected the salaries of the retail chain's CEOs. WWD reports that "Glenn Murphy, chairman and chief executive officer of Gap Inc., received total compensation of $9.3 million in 2008, his first full year on the job." Murphy did, however, volunteer to take a 15% pay cut for 2009. [WWD, subscription req]