Image credit: Flickr/Fortune Live Media

A complete breakdown of Angela Ahrendts' £8m Burberry salary (including her £25,000 clothing allowance)

The fashion brand has published its annual report, including a breakdown of its ex-CEO's salary. £25,000 for clothes? £344,000 'overseas allowance'? That's a pretty sweet deal.

by Emma Haslett
Last Updated: 06 May 2015

Last month The Guardian published details of new Burberry chief executive Christopher Bailey's salary during his time as the company's chief creative officer (he's now doing both jobs). That included a £440,000 'annual allowance' and a £1.1m base salary. It also said he planned to donate 10% of his salary after tax to charity. Aaaah.

But what of outgoing chief exec Angela Ahrendts? This morning the brand published its annual report, detailing exactly what she was paid in the year leading up to her departure. Ahrendts' pay included:

  • £1.057m salary (3.6% higher than last year)
  • £344,000 'overseas allowance' (which was included in her contract to pay for her move from the US. Which presumably wasn't quite as necessary eight years after she settled in the UK...)
  • £18,000 car allowance
  • £25,000 clothing allowance
  • £23,000 medical insurance
  • A £1.5m bonus (3.4% lower than last year)

The report reckons the most Bailey could earn this year is £10.3m, including bonus and shares, although his full remuneration is expected to be more like £6.1m. But the brand has shown no sign of slowing down since Ahrendts’ departure at the end of April: last month Burberry posted revenues up 17%. Play his cards right, and Bailey could be in a very sweet position. Although he'll have nothing on Ahrendts' new $68m (£40m) Apple pay packet...

Find this article useful?

Get more great articles like this in your inbox every lunchtime

When spying on your staff backfires

As Barclays' recently-scrapped tracking software shows, snooping on your colleagues is never a good idea....

A CEO’s guide to smart decision-making

You spend enough time doing it, but have you ever thought about how you do...

What Tinder can teach you about recruitment

How to make sure top talent swipes right on your business.

An Orwellian nightmare for mice: Pest control in the digital age

Case study: Rentokil’s smart mouse traps use real-time surveillance, transforming the company’s service offer.

Public failure can be the best thing that happens to you

But too often businesses stigmatise it.

Andrew Strauss: Leadership lessons from an international cricket captain

"It's more important to make the decision right than make the right decision."