Ousted Morrisons boss is handed £3m pay-off

Ousted Morrisons boss is handed £3m pay-off: Profits slump and dividend to be cut, but Dalton Philips will get bonus (http://www.thisismoney.co.uk)

Rewarded for failure? And a strategy based upon analysts suggestions.
If he had hung on a little longer perhaps he could have succeeded his predecessor who is currently hanging on at M & S, and started the process of spending the family silver.

"The company has also agreed to pay more than £25,000 in legal and advisory fees that Philips incurred during his severance negotiations."

Really?

Back to basics Morrisons: product availability (including opening hrs), quality, and price, all wrapped up in an appealing environment with presentable staff, good access, and parking.

Article Link:

- http://www.thisismoney.co.uk: Ousted Morrisons boss is handed £3m pay-off: Profits slump and dividend to be cut, but Dalton Philips will get bonus

Earlier Posts:
- Expecting the unexpected as Morrisons FD announces intention to step down.
- Weekend rumours: Morrisons to raid Iceland!
- What "Next" for Marks and Spencers?
- Supermarket Sweep: Tesco; Morrisons; or Sainsburys?