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This legacy of innovation, however, is often overshadowed by the perception of the brand as stuffy or traditional, a perception that has both protected its core clientele and hindered its ability to capture younger, trend-driven demographics. The respect he commands from fans and peers alike is an intangible asset. Furthermore, 2019 was a year where Smith’s influence extended far beyond the confines of his office. This visibility opens doors for endorsements and collaborations, further increasing his market value. He famously capped his own salary at a modest level while ensuring that his employees, or "partners" as he preferred to call them, received wages and benefits that were far above industry standards.
