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Sports Direct shareholders block £11m backpay for Mike Ashley’s brother

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Sports Direct shareholders have snubbed chief executive Mike Ashley after overwhelmingly voting against proposals to give his brother an £11 million back payment. Independent investors voted 70.7 per cent against plans to backpay John Ashley – a former IT director at Sports Direct – so as to bring his pay in line with other senior executives who helped build the company that was founded by his brother Mike. The vote was held during a general meeting at Sports Direct’s Shirebrook headquarters in response to a joint investigation by its legal advisers RPC and accountants Smith & Williamson.

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Sports Direct shareholders block £11m backpay for Mike Ashley’s brother

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Sports Direct shareholders block £11m backpay for Mike Ashley’s brother

0 Comment

Sports Direct shareholders have snubbed chief executive Mike Ashley after overwhelmingly voting against proposals to give his brother an £11 million back payment. Independent investors voted 70.7 per cent against plans to backpay John Ashley – a former IT director at Sports Direct – so as to bring his pay in line with other senior executives who helped build the company that was founded by his brother Mike. The vote was held during a general meeting at Sports Direct’s Shirebrook headquarters in response to a joint investigation by its legal advisers RPC and accountants Smith & Williamson.

Read more:
Sports Direct shareholders block £11m backpay for Mike Ashley’s brother

Tags: , , , , , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

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