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The CEO of Next earned £2.45 million less last year with zero bonus

LONDON — The CEO of High Street and catalogue retailer Next saw his total pay package fall by £2.45 million ($3.14 million) last year after a tough year for the company.

Next’s annual report, released on Tuesday, shows that Lord Wolfson’s total remuneration for 2016/17 was £1.84 million, compared to £4.29 million in 2016/17 — a fall of 55%. Lord Wolfson received a 1% rise in his base salary to £766,000 but missed out on his bonus and saw other performance related pay decline.

Mid-market retailer Next suffered its first fall in profits since the recession in 2016/17, down 3.8% to read more >>>

Source:: BusinessInsider.Com

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