Woolworths Limited
(ASX:WOW) staff may be missing out on expected bonuses worth hundreds of millions of dollars.
A report today says a new incentive program could see executives denied large bonuses if the supermarket giant fails to meet earnings growth targets.
Fairfax Media reports the bonuses will only be paid if Woolworths’ group earnings before interest and tax rises by 3.7 per cent this year.
Woolworths generated a net profit $2.1 billion in the 2011 financial year.
