|
|
10 Aug 2007
The finance director of battered sports retailer Sports Direct has been given a £5m bonus for his 'important contribution to the development of the company'.
Bob Mellors received the bonus despite a tumultuous and fractious relationship with investors and analysts, and a plummeting share price that has more than halved in Sports Direct's first five months as a listed company.
The Guardian reports that half of the £5m windfall has been paid already and that the rest will be paid next spring.
Mellor's salary of £150,000, however, is relatively small compared with that of other FTSE FDs. He also has no shares in the company and does not receive any company pension contributions or benefits.
Further reading:
Investors demand new FD for Sports Direct
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment