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IN THE MONEY: Next boss Simon Wolfson sees pay rise by a third

Next s boss saw his pay rise by close to a third after the company’s profits were swelled by £196million of Government support. Simon Wolfson, who has run Britain’s largest fashion retailer since 2001, earned £3.4million in 2020, up from £2.6million in 2019. His pay last year included a £2.4million bonus. Next received £114million under the Government’s Job Retention Scheme, and saved £82million from the business rates holiday, designed to help struggling firms on the High Street.

United kingdomSimon wolfsonJob retention schemeஒன்றுபட்டது கிஂக்டம்சிமோன் ஓநாய்வேலை தக்கவைத்தல் திட்டம்

Next boss received 28% pay rise last year

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

FTSE wipes out last week s gains on weak tobacco

FTSE wipes out last week’s gains on weak tobacco The US proposals would be designed to make cigarettes less addictive (Chris Radburn/PA) The FTSE 100 has wiped out all of last week’s gains and more as it plunged 2% on Tuesday amid a bad day for big tobacco. The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points. It pushed it back through the symbolic 7,000 point mark that the FTSE smashed last week for the first time since February last year. US indexes S&P 500 and Dow Jones were both trading down around 0.9% when European markets closed. In Germany the Dax fell 1.6%, while the Paris-based Cac dropped 2.1%.

United statesUnited kingdomCity ofMichael hewsonSimon wolfsonAssociated british foodsBritish american tobaccoAir france klmBritish airwaysDow jonesParis based cacWall street journalImperial brandsAir franceLord simon wolfsonஒன்றுபட்டது மாநிலங்களில்

Next boss sees pay balloon to £3 4m despite pandemic woes

Next boss sees pay balloon to £3.4m despite pandemic woes April 20, 2021, 3:32 pm The boss of Next has seen his annual pay soar to a five-year high of £3.4 million thanks to a bumper shares award (PA) The boss of Next has seen his annual pay soar to a five-year high of £3.4 million thanks to a bumper shares award as the retail giant weathered torrid high street conditions amid the pandemic. Chief executive Lord Simon Wolfson enjoyed a 28% pay hike thanks to a £2.4 million long-term shares bonus – taking his overall package to the highest since 2015-16, according to the group’s annual report.

Simon wolfsonLord simon wolfsonLord wolfsonசிமோன் ஓநாய்ஆண்டவர் சிமோன் ஓநாய்ஆண்டவர் ஓநாய்

Next CEO Lord Simon Wolfson s pay jumps 28 per cent despite profit plunge, shut stores and furloughed staff

Next CEO Lord Simon Wolfson s pay jumps 28 per cent despite profit plunge, shut stores and furloughed staff
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United kingdomSimon wolfsonLord simon wolfsonஒன்றுபட்டது கிஂக்டம்சிமோன் ஓநாய்ஆண்டவர் சிமோன் ஓநாய்