Sports Direct's FD enjoys mega-bonus
Bob Mellors, the under-fire FD of controversial sports retailer Sports Direct, pockets a £5m bonus
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.