No Free Lunch 

Spot the red flags

Paul Jackson

Spot the red flags

Last month, this column argued that chairmen are probably the only people with sufficient clout to get through to chief executives suffering from overblown pay expectations. So you might expect the chairman of JD Sports Fashion (JD.), a purveyor of sportswear, running shoes and all the paraphernalia associated with the growing trend of athleisure (the fashion of wearing sports clothes in the street) to step in to block its top executive, Peter Cowgill, from receiving an extra £6m bonus. The problem is that Mr Cowgill wears both hats. Since he’s both chairman and top executive, there’s no obvious person to explain why he needs to think again.  

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