British newspapers are praising a retail boss for donating his entire cash bonus to employees. Lord Simon Wolfson, conservative peer of the realm and CEO of Next, the U.K.'s biggest department store chain, waived $3.6 million, which 19,400 workers will share as a cash bonus.
No CEO of a public company in the U.S. or the U.K. was found to have made such a gesture in recent years, according to ABC News. The closest they found was Lou Anna Simon, president of Michigan State University, who last year gave her $100,000 annual retention bonus back to MSU.