Owner of Sports Direct and House of Fraser pushes through rewards for incoming CEO and finance director
The group that owns Sports Direct has excused its use of zero-hours contracts, calling them “tough decisions that don’t work for everybody”, as it faced an investor rebellion over high pay for its top bosses.
More than half of the independent shareholders in Frasers, which also owns House of Fraser and Evans Cycles, rejected the group’s plans for a £100m bonus scheme for its incoming chief executive, Michael Murray, and the payment of a £100,000 cash bonus and pay rise for its finance director, Chris Wootton.
