UK ‘robber baron’ company Melrose gives bosses £176m

Lion’s share will go to three former executives of company condemned for hostile takeover of engineering firm GKN in 2018

The UK engineering firm Melrose Industries has handed out a £176m reward pot to 21 of its current and former executives, with the lion’s share going to three of them.

In a move that is likely to further fuel the controversy over executive pay, the FTSE 100 company confirmed on Monday that the bosses had been issued with shares totalling £176m under a bonus scheme set up in 2020.