AO World boss may have overheated his electrical appliance targets
by Nils Pratley from on (#5S8SS)
Noble it may have been, but AO's plans to offer all staff good bonuses hinged on dreamily optimistic sales
About 15 months ago John Roberts, the founder, 23%-owner and chief executive of the online electricals retailer AO World, did a fine thing. He created an all-staff incentive scheme that is very different from other companies' executive-only affairs. It was, he said in his folksy way, one he'd be proud to tell my mum about".
Senior executives at AO would still shoot for multimillion-pound rewards (capped at 20m) but lower-paid workers would chase meaningful sums rather than a round of drinks". There was talk of AO's warehouse workers, on 18,000-20,000 a year, being awarded 30,000 bonuses if maximum targets were reached.
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