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The Guardian - UK
The Guardian - UK
Business
Jack Simpson

UK ‘robber baron’ company Melrose gives bosses £176m handout

Simon Peckham
Simon Peckham is one of a trio of former executives thought to have received the lion’s share of the 28.8m shares being handed out. Photograph: Melrose/PA Archive/PA Images

The UK engineering firm Melrose Industries has handed out a £176m reward pot to 21 of its current and former executives, with the lion’s share going to three of them.

In a move that is likely to further fuel the controversy over executive pay, the FTSE 100 company confirmed on Monday that the bosses had been issued with shares totalling £176m under a bonus scheme set up in 2020.

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