Burberry boss could earn up to £12.2m under new bonus scheme as company rolls back climate goals
Burberry has introduced a new bonus scheme that could see its CEO earn up to £12.2 million, even as the company scales back its climate change commitments. The luxury brand is facing criticism for prioritizing executive pay while delaying carbon neutrality goals.
Why it matters
The story underscores the tension between corporate executive compensation and environmental, social, and governance (ESG) responsibilities.
Company, which paid boss Joshua Schulman £4m in year to March, becomes latest to extend deadline to become carbon neutral Business live – latest updates The boss of Burberry could earn up to £12.2m after the luxury British brand introduced a new bonus scheme, while its annual report also revealed the company has scaled back its climate ambitions. Joshua Schulman, a former chief executive of the US fashion brand Coach who was hired in July 2024 to help revive Burberry, was paid £4m in the year to March, up from £2.5m for his first nine months in the job. Continue reading...
The juxtaposition of high executive pay with the rollback of climate goals is a common framing used to highlight corporate greed and environmental negligence.
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