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    What a private company pays its Chief Exec is a matter for the shareholders.

    As it happens the share price of Dixons has improved this week from 15.25 to 15.9 now, though it is a long way short of its peak.

    What we are seeing is a business model that is suffering from a combination of the economic turndown across Europe hitting luxury consumer spending and the pressures of increased on-line sales from businesses like Amazon. Comet too are suffering the same way.

    The Chief Exec of Dixons has met a number of targets to re-structure the business in the face of the changing market and that is why he got his bonus. If he is successful in what he is doing Dixons could survive and go on to prosper. You are too quick to write them off as 'soon likely to go under' Keith. Let us hope the Chief Exec achieves his aims if so he will be worth every penny he earns. High risk carries high rewards as it should do.

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