Who is the boss, indeed!
Lord Wolfson, the CEO of the UK-based retailer Next, is donating his entire $3.7 million bonus to the 19,400 full- and part-time employees of the company.
The chief executive said that the gesture was a thank you and a show of appreciation from the company for all the hard work and commitment of the workers, reports the Telegraph.
The report speculates that this move “could lead pressure on other chief executives to make similar donations.”
Lord Wolfson added: "I remain very grateful for the way in which everyone has helped to navigate our business through this recession.
"The task of growing sales and controlling costs looks set to remain a challenge over the next few years. But if we continue with the hard work, intelligence, initiative and common sense of recent years, then we have every chance of continued success."