RE: Handouts28 May 2024 23:06
That below is one of the biggest kicks in the nuts since the troll got banned from the boo forum.
But on Tuesday, boohoo told investors that its executive directors had "opted to waive their entire bonus entitlement" for the year.
It means that without the bonus payments, Kamani will take home about GBP503,000, Kane GBP524,000, and Lyttle GBP713,000 for the latest year.
The retailer also said it had decided not to implement its new "boohoo incentive plan", having "engaged with certain shareholders" ahead of its annual general meeting next month.
The new scheme had involved combining its annual bonus and long-term incentives into one, replacing the existing incentive system which it said was not "motivational".