Summary
PHILIP Green's circling of Marks Spencer is good news for outgoing chairman "Lucky" Luc Vandevelde given his unusual decision last summer to be paid in shares, which was seen as potentially foolhardy at the time.
Vandevelde's lucky streak may be returning as the value of his salary grows on the back of the billionaire's interest in the business. Vandevelde has been paid 13,500 shares a month since cutting back his workload last September.See the full content of this document
Extract
Luc Back On Lucky Streak
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