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Evening Standard
Evening Standard
Holly Williams

Frasers lowers goal for new bonus plan after boss misses £100m payout target

Frasers Michael Murray Jon Thompson David Daly Sports Direct Mike Ashley
Frasers boss Michael Murray will miss targets to secure a £100 million bonus this year, but the firm has revealed plans for a new scheme with a lowered share price goal that could still see him net the mammoth payout by 2030. - (PA Media)

Frasers boss Michael Murray will miss targets to secure a £100 million bonus this year, but the firm has revealed plans for a new scheme with a lowered share price goal that could still see him net the mammoth payout by 2030.

Mr Murray, who succeeded his father-in-law Mike Ashley at the helm in 2022, has waived his salary for three years in a row in order to focus on meeting targets for the potential £100 million award.

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