NEWS

Toys R US trebled pay of UK boss in years before collapse

Published on: 11th December 2017

The UK arm of Toys R Us reputedly trebled former director Roger Mclaughlan’s pay package in the past three years.

Analysis by The Sunday Telegraph of what it describes as a “web” of 17 Toys R Us subsidiary companies has revealed that payments to its UK boss increased from £356,000 in 2014 to £1m in 2015 and £1.3m for the year ending 30 January 2016.

That director is believed to be Roger Mclaughlan who led the retailer over the period and now heads garden centre business Wyevale. The steep remuneration awards were made despite Toys R Us’s UK business making an operating loss in seven of the eight last years.

The news about Roger Mclaughlan’s remuneration comes just days after a bankruptcy judge in the US granted permission for Toys R Us to pay $14m (£10m) in bonuses to 17 senior staff. Toys R Us said the awards were necessary to motivate them to hit earnings targets over the peak Christmas trading season.

 

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