Designer’s brother gets hefty director pay at Steve Madden

John L. Madden was paid $1.6 million for serving as a director at publicly traded Steve Madden Ltd. in 2011, the business blog

Footnoted.com reported.

John Madden is the brother of Steve Madden, the shoe company’s creative and design chief.

Citing the company’s proxy, the blog noted that John Madden’s pay was 33% more than he received in 2010. Most of his pay for 2011 was for consulting fees paid for a separate company that John Madden controls, plus $63,106 for an apartment. (Source: Footnoted.com, April 13, 2012.)