Former Managing Director of John Lewis Paula Nickolds was paid £939,773 after being ousted from the business has handed an almost £1 million payout to its former managing director, according to new figures.
Ms Nickolds had worked for the business for 25 years before her departure, after failing to stop a decline in John Lewis’ trading performance. The group also confirmed an £892,362 pay packet given to Rob Collins, who had been managing director of the group’s Waitrose supermarket arm until he stepped down in October when the group’s restructuring was announced.The payouts come after hundreds of redundancies at the business, including 400 job losses linked to the closure of Waitrose stores and the loss of 75 head office roles.
Well, I'm glad they call everyone 'partners' otherwise this would feel like standard corporate evil. But they're all partners, so it must be some sort of mix-up
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