Daily Mail, 26 August 2021, Fury at £100m bonus for the Sports Direct prince

The ShareSoc blog provides news and informal commentary from directors, members and other contributors. Entries reflect the personal views of the authors, which do not necessarily reflect ShareSoc’s formal position. Contributors may hold shares in the companies mentioned. Nothing in this blog should be viewed as financial advice. You may submit comments on blog posts, but ShareSoc reserves the right to remove or edit inappropriate or defamatory submissions.

Mike Ashley does it again: stirring up controversy over a proposed bonus scheme for his future son-in-law.

ShareSoc director (and former remuneration consultant) Cliff Weight is quoted in this article in the Daily Mail:

Cliff Weight, of small shareholders campaign group Sharesoc, also questioned why Murray was worth his enormous pay package.

He raised concerns that Ashley would be able to ram the proposal through at an annual general meeting next month even if other investors resist.

‘This is clearly a case of a 60 per cent shareholder forcing something through – and of the non-executive directors who should be independent not doing their jobs and standing up for other investors,’ Weight said.

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