bonus news and archive

Debenham's lowers performance criteria for bosses long-term bonus scheme

Debenhams has watered down the targets its bosses need to hit to receive multimillion-pound paydays, saying the lower hurdles reflect “ongoing challenges in the UK retail sector”. The struggling department store chain, whose chief executive resigned in October after a wave of shareholder unrest, has softened the performance criteria for its...

Business

Schuh workers to share 25 million pound bonus

High street footwear retailer Schuh is set to share a 25 million pound payout amongst its 3,500 employees following a number of successful years. News of the bonus comes not long after the retailer announced profits hit 11.5 million pounds for the year to February 1, 2015. "Despite real challenges for all high street retailers, Schuh is going...

Design

CEO of Next shares 4 million pound bonus with 20,000 employees

Lord Simon Wolfson, chief executive officer of retailer Next aims to share his 4 million pounds bonus, part of his "share matching plan bonus," among staff for the second year running. The bonus is to be split among 20,000 full-time and part-time employees who worked at Next between April 2011 and April 2014 during its incentive scheme. It is...