Debenhams.
The owners are drawing up plans for a complete liquidation of the group.14,000 jobs affected.
Started: 15th Aug 2020 at 13:26
They might as well close Wigan town centre down. No shops worth visiting anymore. Very sad place lately.
Replied: 15th Aug 2020 at 14:26
Not what the workforce needs at any time, let alone just now.
Replied: 15th Aug 2020 at 16:00
In the 2017 fiscal year, CEO Sergio Bucher earned £1.34M from Debenhams. Think that’s outrageous? Consider this: he was only with Debenhams for six months of that fiscal year, so that’s £1.3m for six months work.
In the same year, 16 senior executives were paid £6.1m by the company while the share price slid from £80 to £55 a share.
Rachel Osbourne, who joined the Debenhams board in September 2018 as chief financial officer, has been awarded a basic salary of £439,000 with an annual bonus opportunity for the 2019 financial year of 100% of her base salary. She will also receive a performance share plan award of 67% of her salary.
That's the way the money goes!
Replied: 15th Aug 2020 at 16:43