Rose Appointment Gives M&S Sweet Smell of Success; New Chief Executive Could Prick Some Green Fingers
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Summary
SHAREHOLDERS yesterday welcomed the appointment of Stuart Rose as chief executive of Marks & Spencer, which confirmed its new chief is to be paid a (pounds) 1.25m "golden hello" and annual salary of (pounds) 850,000.
Charles Wilson, Rose's sidekick who has also taken a seat on the M&S board, is to be paid (pounds) 500,000 a year plus a (pounds) 900,000 signing-on fee.See the full content of this document
Extract
Rose Appointment Gives M&S Sweet Smell of Success; New Chief Executive Could Prick Some Green Fingers
Investors viewed the swift, decisive action taken over the weekend by M&S to strengthen its management team, ahead of a potentially bloody and hostile...
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