US EditionM&S Boss Stuart Machin’s Pay Jumped 39% to £7.1mn Ahead of Cyber Attack
- Stuart Machin, chief executive of Marks and Spencer since 2022, received a 39% pay increase to £7.1 million for the year ending March 2025.
- The rise in Machin's pay arose from strong performance-linked bonuses reflecting a major company turnaround and preceded a major cyber attack in April 2025.
- M&S improved profitability and clothing and home sales returned to growth, with shares reaching a nine-year high despite heavy disruption from the cyber attack.
- Machin’s pay included £4.6 million in long-term bonuses subject to waiting periods, £1.6 million linked to performance, and around £894,000 fixed pay, with almost 90% tied to business results.
- The cyber attack disrupted online orders, cost an estimated £300 million, and is expected to affect M&S for weeks or months, though the company anticipates recovery and will reconsider executive pay next year.
17 Articles
17 Articles
Marks & Spencer boss’s pay deal surges to £7.1m
Stuart Machin received a jump in bonus payments linked to a rise in the firm’s share price before it was knocked by a major cyber attack. The boss of Marks and Spencer has seen his pay package soar to £7.1 million, as he leads the retailer through the disruption of a damaging cyber attack. Stuart Machin, chief executive of the high street giant since 2022, received the bumper pay deal after a sharp rise in performance-linked bonuses. The company…
Cyber Security Expert Calls for Action to Address Cyber Skills Gap
A cyber security expert at Wrexham University has called for urgent action to address the UK’s cyber skills shortage. Shawn Price, who is a Lecturer in Cyber Security, has shared his views in light of the ongoing fallout of a cyber attack on Marks & Spencer. The retailer has said that online services should see a gradual return to normal over the coming weeks, but some level of disruption would continue until July. Co-op was also hit by a cyber …
Coverage Details
Bias Distribution
- 60% of the sources are Center
To view factuality data please Upgrade to Premium
