Matthew Moulding’s windfall after rise in share price prompts calls for higher taxes on wealthy
The chief executive of The Hut Group (THG) is to receive one of the biggest payouts in UK corporate history, after the recently listed online retailer’s share price rose, sparking calls for higher taxes on the super-rich.
Matthew Moulding, who founded the company in 2004, will receive at least £830m in shares after the share price of the company rose to hit targets set at its flotation on the London Stock Exchange in September.
