Mar 15, 2017
Sports Direct calls executive pay report 'fake news'
It says a PIRC report wrongly states the firm has a chief executive-to-average-employee pay ratio of 400:1. PIRC said it would not be commenting on Sports Direct's statement. Sports Direct says that the data sets used in the study were "Incorrect", and included a bonus entitlement which was accrued by former chief executive Dave Forsey, but was never collected. "We have contacted PIRC to request a copy of the report and we will be writing to them to express our disappointment. It is incorrect to state that Sports Direct has the second-highest ratio of chief executive-to-average-employee pay." Over the past year Sports Direct has faced a barrage of criticism over its financial performance, corporate governance and conditions for workers at its warehouse in Shirebrook, Derbyshire.
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