Marks and Spencer CEO misses out on bonus top-up

Marks and Spencer's directors missed out on an additional bonus payment last year after a key profitability target was not met, meaning that its Chief Executive Officer's (CEO's) total pay was more than halved.

Marks and Spencer's directors missed out on an additional bonus payment last year after a key profitability target was not met, meaning that its Chief Executive Officer's (CEO's) total pay was more than halved.

Under M&S rules, all executive directors have group profit before tax (PBT) targets tied to their bonuses, the High Street retailer explained in its annual financial report released on Thursday.

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