M&S Directors miss out on bonuses but staff feel more of a bite

High-street stalwart Marks & Spencer has revealed it will not be paying bonuses to any Directors this year.

In the firm’s annual report, they explained that the decision was not taken lightly. The firm had not made enough profit to meet the threshold to pay bonuses, reporting “in the interests of fairness, it would not be appropriate to pay a bonus to directors, irrespective of any achievement against each director’s individual objectives”.

Despite this, Chief Executive Steve Rowe still earned £1.1million.

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