UK ‘robber baron’ company Melrose gives bosses £176m handout
Lion’s share will go to three former executives of company condemned for hostile takeover of engineering firm GKN in 2018The UK engineering firm Melrose Industries has handed out a £176m reward pot to 21 of its current and former executives, with the lion’s share going to three of them.In a move that is likely to further fuel the controversy over executive pay, the FTSE 100 company confirmed on Monday that the bosses had been issued with shares totalling £176m under a bonus scheme set up in 2020. Continue reading...
Lion’s share will go to three former executives of company condemned for hostile takeover of engineering firm GKN in 2018
The UK engineering firm Melrose Industries has handed out a £176m reward pot to 21 of its current and former executives, with the lion’s share going to three of them.
In a move that is likely to further fuel the controversy over executive pay, the FTSE 100 company confirmed on Monday that the bosses had been issued with shares totalling £176m under a bonus scheme set up in 2020. Continue reading...
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