Burberry CEO Christopher Bailey Sells Some Of His Shares!

CHRISTOPHER BAILEY has sold 68,667 of his shares in Burberry for £5.2 million.

The sale of the shares, which Bailey gained possession of in 2009 and 2011, comes four months after he was promoted from chief creative officer to chief executive, when former CEO Angela Ahrendts  departed for Apple. 

Since then, Bailey has weathered a storm surrounding his salary, which saw more than 50 per cent of Burberry's shareholders vote against his remuneration package. At the time, Burberry's chairman Sir John Peace attempted to pacify the situation saying, "it's a lot of money, but much of it is performance-related, and we know Christopher could command a much higher package outside the UK".

"Christopher Bailey has exercised the option on a number of shares that he was awarded during his time as chief creative officer. As part of this process the number of Burberry shares he actually owns has increased," the company told The Guardian today. "There are only certain times of the year when board members of a public company can sell shares which is why he is doing this now."

The sale hasn't left Bailey short. The designer still owns 303,110 shares worth £4.4 million.

I'm sure no one is feeling sorry for him LOL... Until next time have a great week.

CJ Henderson Azani Fashion