date:Mar 31, 2014
e second year running that Philips has has missed out on both his long-term share incentive and cash bonus.
In the wake of the retailer's profits slumping 13% in the year to February, with sales too dropping 2%, other Morrisons executives have shown similar sacrifice for the company.
Finance director Trevor Strain chose to buy shares worth nearly 50,000 on Wednesday with the cash element of his annual bonus in an apparent show of confidence in the ailing company.
Morrisons are not due to publ