Things I don't understand about executive pay
rather apt image from clipartbest.com |
In case you're confused about any of this, Waitrose have explained it: The timing of Mr Price's exit was agreed "in the best interests of the partnership", and this had "private contractual implications, hence the payment announced today". Aren't you glad it's all clear now?
If this absurd payment really is a contractual requirement that can't be avoided (and it seems implausible that anyone would offer such a contract), shouldn't the staff, who own Waitrose, be looking for compensation from the crazily generous individual who negotiated such a ridiculously costly deal with their money?