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Simon Wolfson
Simon Adam Wolfson, Baron Wolfson of Aspley Guise (born 27 October 1967) is a British businessman and currently chief executive of the clothing retailer Next plc and a Conservative life peer. He is the son of former Next chairman David Wolfson, Baron Wolfson of Sunningdale, also a Conservative life peer.
== Early life and career ==
He attended Radley College, near Abingdon, followed by studying law at Trinity College, Cambridge. Wolfson joined Next as a sales consultant in its Kensington branch in 1991, the year his father was granted his peerage. The following year, he was taken on as assistant to Next's chief executive, David Jones. Wolfson made his way up the ranks within the company rapidly, being appointed to the board of directors in 1997, and culminating in his appointment as chief executive in August 2001.〔 At the age of 33, this made him the youngest chief executive of a FTSE 100 company. He was one of the first businesspeople to predict the 2008-9 economic crisis. In 2013, he waived his £2.4 million bonus and gave it to the staff of Next who had been with the company since 2010. Wolfson earnt £4.6m in 2013, a sum 459 times greater than the average pay of Next employees, who typically earn £10,000 per annum. In 2014, for a second successive year, Wolfson waived his bonus and distributed it among staff, sharing some £3.8m.〔
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