John Walden to benefit from cash and shares windfall if Argos owner is sold to supermarket chain for £1.4bn
Home Retail Group boss, John Walden, will be in line for a windfall of more than £5m in cash and shares if the owner of Argos is sold to Sainsbury’s.
It is not clear if Walden will stay on if Sainsbury’s finalises the £1.4bn takeover deal, but Home Retail Group’s annual report published on Tuesday revealed that in either case the chief executive would be able to cash in more than 650,000 shares and options, which are not subject to performance conditions.
Related: Argos profits slump 36% as shoppers buy fewer electrical goods
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