Executive directors at Morrisons to return a third of bonus payments

The chief executive and chief financial officer at Bradford-headquartered supermarket Morrisons are to hand back a third of their bonuses. CEO David Potts and CFO Trevor Strain were each due to receive a bonus that amounted to twice their salary. However, while the Big Four supermarket has seen improved performance in recent months, certain objectives around pre-tax profits, like-for-like sales and sales objectives had not been hit. The changes in their remuneration packages were discussed at the listed firm's annual report announc... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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