Dixons Carphone CEO set to earn £4.9million

Sebastian James, Chief Executive of Dixons Carphone, is in line to earn up to £4.9million if he meets his targets this year.

James has already earned £1.7million in the months leading to May 2015, after the merger of his former company, Dixons Retail, and phone manufacture Carphone Warehouse. This figure included a £1.02million maximum bonus which he received when he overshot capital targets, profit and debt.

A former member of the infamous Oxford University Bullingdon Club alongside the likes of David Cameron and Boris Johnson, James is expected to have earned at least £249,000 in the previous months when he was still CEO of Dixons.

Taking in to consideration his annual salary, on top of the benefits he listed in the 2014 company’s annual report, the CEO would have taken home £2million in May alone. However, this figure is expected to be dwarfed by his next pay package, which includes a base salary of £820,000, with a possible further £1.02million annual bonus and upwards of £3million in long term share awards.