Boohoo Blocks Ashley's Vote on Massive CEO Bonus
Update: 2025-11-27
Description
Boohoo, now Debenhams Group, blocks Mike Ashleys vote on CEOs massive bonus scheme, aiming to boost share price. The proposed bonus could net Daniel Finley nearly £150m if share price increases over five years. The board intends to approve the plan without shareholder vote, preventing Ashleys influence. This move highlights ongoing tension between Ashley and Boohoos leadership, with Ashley previously accusing Kamani of not acting in investors best interest. Despite a 23% sales drop, Boohoo reported reduced losses, costs, and debt, leading to a 40% share price jump.
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