'Nepotism and excess': Frasers boss Michael Murray is the sonin-law of founder Mike AshleyMichael Murray faced a fresh backlash over plans that could hand him a £100m bonus from Sports Direct owner Frasers Group. The retail empire's chief executive, who is the son-in-law of founder Mike Ashley, will unlock the huge payout if the share price passes 1500p. But investors expressed their displeasure at the annual meeting yesterday. Stripping out Ashley's 69 per cent stake, around four in ten voted against the pay plan. Frasers sought to placate shareholders by introducing a profit hurdle for Murray to meet.

Source: Daily Mail October 20, 2022 06:28 UTC