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"  Abercrombie &amp;amp;amp; Fitch, the mall clothing brand known for eight-packs,  celebrity models of yore, a staunch refusal to make plus-size clothing, and security guards who strip shirtless to serve hors d&amp;#039;oeuvres to employees at parties at the  corporate headquarters, apparently isn&amp;#039;t doing so well! Profits declined 77 percent in 2013, but really, who saw that coming when the company refuses to even dress two-thirds of the  population? Perhaps not Michael Jeffries, the Abercrombie CEO who made $2.24 million in 2013,  Fashionista reports. It sounds like a lot (And it is!) but consider that in just 2011 he made an insane $48 million. Guess that decline is what you get when your company ethos is built around perpetuating exclusion and insecurity rather than inclusion and confidence-boosting, which is what most people want from clothing brands. As Business Insider reported\u00A0a year ago of Jeffries: &amp;quot;He doesn&amp;#039;t want larger people shopping in his store, he wants thin and beautiful people,&amp;quot; [Robin Lewis, co-author of The New Rules of Retail and CEO of newsletter The Robin Report] told Business Insider. &amp;quot;He doesn&amp;#039;t want his core customers to see people who aren&amp;#039;t as hot as them wearing his clothing. People who wear his clothing should feel like they&amp;#039;re one of the &amp;#039;cool kids.&amp;#039;&amp;quot; The only reason Abercrombie offers XL and XXL men&amp;#039;s sizes is probably to appeal to beefy football players and wrestlers, Lewis said. Jeffries&amp;#039;s contract was renewed through February of next year. Maybe because he&amp;#039;s so cheap now? Related:  Confession: What It&amp;#039;s Really Like Working at Abercrombie &amp;amp;amp; Fitch&amp;#039;s Corporate Headquarters  20 Celebs You Didn&amp;#039;t Know Were Abercrombie Models Follow Amy on  Twitter. Photo Credit: Instagram "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.cosmopolitan.com/career/news/a25125/abercrombie-ceo-pay-cut/>