Londis incentive row may slow deal
Shareholders in the company are furious that top executives could pocket as much as half of the €57m sale price agreed with the family-owned Musgrave Group which operates the SuperValu and Centra franchises in Ireland.
It has now emerged that top management at Londis will receive huge pay-outs from a share incentive scheme that will hand directors majority control of the company in the event of a takeover. The company defended the scheme as a "well-deserved reward".
