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Last modified on Tue 20 Apr 2021 15.23 EDT Lord Simon Wolfson, the boss of the Next fashion and homewares chain, received a 28% pay increase last year to almost £3.4m despite forgoing his annual bonus and taking a cut in basic salary. Next said it did not feel that paying out an annual cash bonus, which amounted to £350,000 for Wolfson the year before, was appropriate given that the company had not paid dividends to shareholders. Wolfson and other directors and top managers in the business also took a 20% cut in basic pay between April and June when many workers were on furlough. However, the retailer’s non-executive directors did sanction a total of £2.4m in long-term share bonus payments to Wolfson relating to the three years to July 2020 and to January 2021. That came despite the company claiming £120m in a business rates holiday and millions more in furlough payments for thousands of staff from the government while shops were closed. Next has not opted to pay back any of

Simon wolfsonLord simon wolfsonசிமோன் ஓநாய்ஆண்டவர் சிமோன் ஓநாய்