Boohoo boss in line for £50m bonus if share price rises by 180%

Boohoo boss in line for £50m bonus if share price rises by 180%

The new chief executive of Boohoo is in line for a £50m bonus if shares in the online fashion retailer rise by 180% over the next five years. The fast-growing company has poached John Lyttle from Primark, where he was chief operating officer, and said its major shareholders had signed off on the incentive package. But the High Pay Centre, which monitors executive remuneration, said it was hard to justify rewards on such a scale, pointing to similar bonuses that have proved controversial this year at housebuilder Persimmon, gambling firm…

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