M& S bosses will take cut in bonus awards after outcry ; RETAIL
Birmingham Post › June 23, 2009
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Summary
Marks & Spencer boss Sir Stuart Rose and the group's marketing chief Steven Sharp have offered to forgo a third of their long-term bonus awards after pressure from shareholder groups.
Sir Stuart and Mr Sharp are to waive entitlement to nearly 400,000 and 200,000 shares respectively under the performance- related three-year bonus plan after facing an "unexpected reaction", according to M& S.See the full content of this document
Extract
M& S bosses will take cut in bonus awards after outcry ; RETAIL
The move will see Sir Stuart's potential award drop from 1.18 million shar...
See the full content of this document
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