Co-op pays executive bonus despite keeping £66m in Covid relief

Controversial move comes amid growing scrutiny over firms paying dividends or bonuses while keeping taxpayer supportThe Co-operative Group has taken the controversial step of paying bonuses to top management despite hanging on to £66m of emergency support from the taxpayer.Steve Murrells, the chief executive of the food to funeral homes group, earned £2.2m in 2020, a figure that included a £1.4m bonus. Jo Whitfield, who runs its convenience stores, took home £1.4m, about half of which was in bonuses. In all, six members of the management team received at least six-figure bonuses. Continue reading... https://www.theguardian.com/business/2021/apr/16/co-op-pays-out-executive-bonus-despite-keeping-66m-in-covid-relief #executive_pay_and_bonuses #co-operative_group #business #retail_industry #uk_news #coronavirus #corporate_governance