Burberry boss could earn up to £12.2m under new bonus scheme as company rolls back climate goals

<p>Company, which paid boss Joshua Schulman £4m in year to March, becomes latest to extend deadline to become carbon neutral</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/may/28/uk-young-people-out-of-work-unemployment-first-time-buyers-financial-crisis-inflation-food-prices-business-latest-news-updates">Business live – latest updates</a></p></li></ul><p>The boss of Burberry could earn up to £12.2m after the luxury British brand introduced a new bonus scheme, while its annual report also revealed the company has scaled back its climate ambitions.</p><p>Joshua Schulman, a former chief executive of the US fashion brand Coach who was <a href="https://www.theguardian.com/business/article/2024/jul/15/burberry-chief-executive-profit-warning-jonathan-akeroyd-joshua-schulman">hired in July 2024</a> to help revive Burberry, was paid £4m in the year to March, up from £2.5m for his first nine months in the job.</p> <a href="https://www.theguardian.com/business/2026/may/28/burberry-boss-joshua-schulman-could-earn-up-to-122m-new-bonus-scheme">Continue reading...</a>