Philip Green's £2m bonus for key staff as BHS went into administration

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Sir Philip Green paid out £2m to top staff at BHS as the retailer went into administration

Sir Philip Green paid out £2m to top staff at BHS as the retailer went into administration

Sir Philip Green paid out £2m to top staff at BHS as the retailer went into administration, it emerged last night.

The money – dubbed a ‘Philip bonus’– was shared among around 200 key employees at BHS headquarters, from top executives to buyers and receptionists.

They were told about the payment on the same day as 11,000 staff were informed they would lose their jobs.

Last night one MP said the latest revelations would be a ‘slap in the face’ for workers on the shop floor who received nothing and faced swingeing cuts to their pension.

A spokesman for the tycoon said the payments were ‘retention bonuses’ which were offered to persuade staff to stay as they looked for a buyer.

According to an investigation by BBC Panorama, the staff only received the money after no buyer was found.

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