It's just the norm18 Sep 2018 13:56
Boohoo’s new chief executive could be in line for a £50m bonus, if the company’s share price rises by 180% in the next five years. New recruit John Lyttle will join Boohoo from Primark in March in a significant shake-up of the online fashion retailer. Under the incentive program, Boohoo’s share price will have to rise by at least 60% for Lyttle to receive the £50m payout. The scheme echoes similar controversial remuneration methods at housebuilder Persimmon and gambling firm GVC.