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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Next and Wagamama face investor backlash over CEO bonuses

Next clothing shop
Simon Wolfson, chief executive of Next, took home almost £4.4m last year after a bonus worth 100% of his basic salary. Photograph: Alicia Canter/The Guardian

The fashion retailer Next and the restaurant group behind Wagamama are facing a potential backlash over executive bonuses after both their chief executives received the highest pay since 2015 while benefiting from government support.

Simon Wolfson, chief executive of Next, whose pay will be put to the vote on Thursday, took home almost £4.4m last year, up 50% on the year before, after being awarded an annual bonus worth 100% of his basic salary and two share bonuses based on long-term performance.

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