DIXONS chief executive John Browett was paid more than £1m in the last year despite the company being hit by tough trading in the electronics retailing market.
His finance director Nicholas Cadbury, who is stepping down, was paid £564,000 including a cash bonus of £62,000.
A chart in the report called Total Shareholder Return provided by the company shows that a hundred pounds invested in Dixons five years ago would now be worth around £15.
Defending the pay packages, Dixons said that neither executive had received a reward based on the group’s performance.
Instead the bonuses were for meeting “personal objectives”. The company has not explained what those objectives were.
Last month the retailer reported a £224m annual loss.
The electricals retailer said its turnaround plan, which includes £50m savings a year, was on track. It is pinning its hopes on 3D TV sales and high levels of service.