M&S execs to see slim reward from share scheme, says press report

Scores of top executives at Marks & Spencer will receive only a tiny payout from an incentive scheme despite producing the retailer's first rise in annual profits in four years, according to Sky News.It said that scores of senior managers, including chief executive Marc Bolland, were informed this week that the company's 2012 Performance Share Plan will earn them just 4.7% of the maximum possible share awards.Last week, M&S reported its first profit rise in four years. Annual profit was up 6.1% at £661.2m in the year to March, beating analysts' expectations.That performance is likely to mean that Bolland and other executives will receive a bonus for last year, with 60% of their annual incentive derived from the company hitting a range of profitability thresholds, Sky cited people close to the company as saying.