M&S chief defends £15m pay package

The £15m (€17m) pay package for incoming Marks & Spencer boss Marc Bolland was today defended by the retailer’s current chief, Stuart Rose.

M&S chief defends £15m pay package
Sun, 07 Feb, 2010 - 13:53

The £15m (€17m) pay package for incoming Marks & Spencer boss Marc Bolland was today defended by the retailer’s current chief, Stuart Rose.

Mr Bolland, the former head of supermarket Morrisons joins M&S as chief executive on May 1, and will get £7.5m (€8.8m) in cash and shares to compensate for share schemes forfeited by leaving his old job.

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CourtsBusinessHeathrowPlace: USPerson: Marc BollandPerson: Stuart RosePerson: BollandPerson: RosePerson: Dalton PhilipsPerson: StuartOrganisation: M&SOrganisation: Marks & SpencerOrganisation: MorrisonsOrganisation: HeinekenOrganisation: AsdaOrganisation: Wal-Mart
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