M&S CEO faces multimillion-pound pay hit after cyber attack

M&S CEO Stuart Machin is set to face a significant pay reduction of up to £1.1m following a cyber attack that has severely impacted the retailer’s operations and stock value.
The ongoing cyber attack, which was disclosed on April 22, has driven a 14% drop in M&S’s share price, translating to a loss of approximately £831,000 from Machin’s performance share plan and £233,000 from a deferred bonus, both of which are set to pay out in July.
The attack has