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Old 5th May 2024, 14:44
  #248 (permalink)  
Omlette
 
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It actually makes sense though still expect less.

Profit share is based on the criteria (assuming we make 17-18 billion profit this year and the target was just under 12 billion, so 6 billion over. Last year we were 8 billion over target. 16 weeks would make sense compared to last year. If they paid 26 weeks as pure profit share last years 24 weeks wouldn’t look right.

The bonus I assume would be some kind of Chairman’s award/thank you due to the volume of profit this year, i guess it would also avoid having to pay multiples to higher management unlike profit share.

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