Business Top 5: Corporate governance issue continues to drag Sun Pharma stocks down; Wipro announces 1:3 bonus

Sun Pharma stock down 13.7 per cent in the last 2 days over fresh whistle-blower complaint losing almost Rs 14,000 cr in m-cap going to its lowest point in almost six years. Wipro’s board announced a bonus of 1:3 alongwith an interim dividend of Re 1/share.  |  Photo Credit: Thinkstock 1. Sun Pharma – Corporate governance concerns continues to ail stock Stock down 13.7 per cent in the last 2 days over fresh whistle-blower complaint losing almost Rs 14,000 cr in m-cap going to its lowest point in almost six years. A…

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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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