Chief’s double money
The boss of bargain chain B&M saw his pay and perks more than double last year.
Chief executive Simon Arora’s bumper £1.4million package included a £589,000 salary and £678,000 bonus. His total compared with £601,000 the previous year. Sir Terry Leahy, a former boss of Tesco, earned £71,500 as B&M’s chairman.
B&M’s profits jumped by 18.4% to £182.9m last year.
It represents Arora’s second big payout this month after he and his brothers Bobby and Robin cashed in £215m through a share sale only weeks ago. The billionaire Arora brothers have built B&M into a retail giant with more than 500 stores since taking control in 2004.