Financial24.co.uk
Financial and Business News

- Advertisement -

- Advertisement -

- Advertisement -

JD Group boss defends bonus despite retailer accepting Covid support

82

Near-£6m for Peter Cowgill came as group took more than £100m in business rates relief and furlough

The boss of the retailer JD Group has defended receiving a multimillion-pound bonus during the coronavirus pandemic at the same time as the firm accepted more than £100m in government support.

Peter Cowgill, the executive chairman, was awarded almost £6m in bonuses during the 12 months since February 2020, and admitted on Monday that investors might oppose the payout at next month’s annual meeting. But he said he had only received one long-term incentive plan (LTIP) in eight years.

Continue reading…

Leave A Reply

Your email address will not be published.