Next staff to share chief executive's £2.4m bonus

Next Shoreham Next's recent trading has proved resilient

Related Stories

Staff at clothing and household furnishings retailer Next are to get a cash payout after the company's boss decided to share a £2.4m stocks bonus among employees.

About 19,400 workers at the firm - those who have been employed by Next for at least three years - will receive an average £124 payout in July.

The GMB union described the announcement as a "PR gesture".

Lord Wolfson's annual pay totalled £4.7m last year.

This comprised £1.1m in base salary, a separate £1.1m annual bonus, and £2.5m in long-term performance shares.

The £2.4m bonus he is giving up is related to a rise in the Next share price.

The Leicestershire firm's shares have jumped by 48% over the past year alone as its trading has proved resilient amid the difficult High Street conditions.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

  • The OfficeIn pictures

    Fifty landmark shows from 50 years of BBC Two


  • French luxury Tea House, Mariage Freres display of tea pots Tea for tu

    France falls back in love with tea - but don't expect a British cuppa


  • Worcestershire flagFlying the flag

    Preserving the identities of England's counties


  • Female model's bottom in leopard skin trousers as she walks up the catwalkBum deal

    Why budget buttock ops can be bad for your health


  • Two women in  JohanesburgYour pictures

    Readers' photos on the theme of South Africa


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.