date:Mar 31, 2014
Morrisons chief executive Dalton Philips has decided to waive a 374,000 annual bonus on foot of the company's recent profit alert and poor trading period.
Reuters reported that the boss of Britain's No.4 supermarket chain was offered 374,000 cash and share bonus by the company's remuneration committee. Sources close to the matter told the wire news service that Philips declined the package.
The proposed bonus reportedly equates to 22% of his potential short-term bonus for the year. This is th