Boohoo has been criticised by a growing number of investors for the implementation and timing of its new bonus scheme, which could see its bosses receive a £150m payout.
The online fashion retailer’s new bonus scheme, which will pay out up to £150m to its founders and top executives if its share price rises 66% over the next three years, has been criticised by hedge fund Shadowfall.
The scheme had already come under fire from investment advisory firm Minerva Analytics and Share Action after being unveiled last Friday.
Because Boohoo is listed on the less regulated Aim market the plan is not required to go to a shareholder vote and as a result was implemented shortly after being announced last week.
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