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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BRITONS NEED TO TRAVEL 1,000 MILES TO GET AWAY FROM THEIR BOSS, ACCORDING TO STUDY

British workers only feel out of their boss’s reach when they travel at least 1,000 miles for a holiday, a poll has found. The survey of 2,000 employees found one in five are more likely to answer calls from the office or respond to emails if they stay close to home. But popular tourist hotspots in south of France are only around 650 miles away from London. One third even said they only feel they can completely forget about work if they go on a long-haul holiday, with Florida, Australia and New Zealand the most popular choices to really escape…

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