M&S boss’s pay package soared to £7.1m weeks before cyber-attack

Stuart Machin received 39% bump for year ending March thanks to sharp rise in performance-linked bonuses

The pay package of Marks & Spencer’s chief executive jumped to more than £7m just weeks before the cyber-attack that rocked the retailer.

Stuart Machin received £7.1m for last financial year, up nearly 40% on the £5.1m he took home a year earlier, according to its annual report. He received the bump thanks to a sharp rise in performance-linked bonuses.

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​Stuart Machin received 39% bump for year ending March thanks to sharp rise in performance-linked bonusesThe pay package of Marks & Spencer’s chief executive jumped to more than £7m just weeks before the cyber-attack that rocked the retailer.Stuart Machin received £7.1m for last financial year, up nearly 40% on the £5.1m he took home a year earlier, according to its annual report. He received the bump thanks to a sharp rise in performance-linked bonuses. Continue reading… Marks & Spencer, Business, Retail industry, Executive pay and bonuses Business | The Guardian

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