The Times has reported this morning that Dixon’s Stores Group chief executive, John Clare, has had a boost of just over £1 milllion to his pension pot. According to the report this gives Mr Clare a total of £6.89 million in his pension fund.
The report also states that this is in spite of a 14.6% pay cut in the year to end of April. Mr Clare’s pay slid to £769,000, mostly as a result of a cut in his cash bonus after Dixons Group suffered over Christmas trading in 2005.
DSG’s annual report, which was published yesterday, shows that for the year to April 2006 Mr Clare’s bonus will rise to £223,776.