Outgoing boss of discount retailer B&M handed £5m payout
by Sarah Butler from on (#60KBM)
Simon Arora's pay package beats Tesco CEO's remuneration despite flatlining profits and falling sales
The outgoing chief executive of discount retailer B&M earned 5m last year - more than the boss of Tesco.
Simon Arora's pay package rose by more than a third to the highest level ever for the company - and 270 times that of the average B&M worker - despite flatlining profits and falling sales in the year to the end of March as more rival shops reopened from the Covid pandemic. B&M enjoyed essential retailer" during the lockdowns.
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