6th Jan 2014 06:52
LONDON (Alliance News) - The chairman of Albemarle & Bond, brought back full time to rescue the debt-plagued pawnbroker in April last year, has been given a GBP100,000 bonus, despite a failed rights issue and the departure before Christmas of a potential buyer, The Sunday Times reports.
The accounts for its last financial year show that Greville Nicholls was paid GBP233,000, including a fee of GBP67,000 for his time as non-executive chairman, the paper says, quoting sources who suggested that the payment was for the work he had done since going full-time in identifying the problems and finding a solution.
By Steve McGrath; [email protected]; @SteveMcGrath1
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