This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.

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

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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