The boss of B&M Bargains has enjoyed a bumper bonus following a jump in the retailer’s profits which has led to his payday doubling compared to the year before.
Chief executive Simon Aurora, who has built the discount retail chain with his brothers Bobby and Robin, was awarded a £678,692 bonus after the company met 80pc of his target award. As a result, Mr Aurora will take home £1.4m compared to a £601,638 pay package last year.
Earlier this month the Aurora family cashed in nearly £230m of shares after cutting their stake in the business to 15pc from about 21pc in a share placing. The brothers are now estimated to be worth almost £2bn as B&M’s share rice has soared by a third since listing three years ago.
To read the full article please go to http://www.telegraph.co.uk/business/2017/06/22/boss-bm-bargains-doubles-pay-bumper-bonus/