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Motability charity boss to go after extra bonus revealed

Image copyright Getty Images The boss of Motability Operations is to step down by 2020 following criticism over his pay and a scathing review from the government’s spending watchdog. The report from the National Audit Office revealed Mike Betts was in line for an extra £1.86m bonus on top of already “generous” pay. The firm operates the Motability scheme which provides wheelchairs, cars and scooters to the disabled. Mr Bett’s level of pay was described as “obscene” by MP Frank Field. Mr Field, who chairs Parliament’s Work and Pensions Committee,…

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Richard Scudamore: Premier League clubs asked for £250,000 towards £5m bonus

Richard Scudamore was appointed in November 1999 and has overseen a period of sustained growth All 20 Premier League clubs have been asked for a £250,000 contribution so that the league’s outgoing executive chairman Richard Scudamore can be given a £5m farewell gift. The clubs were asked for the money before a meeting on Tuesday. It is expected they will agree to Chelsea chairman Bruce Buck’s request. Scudamore, 59, who is reportedly paid £2.5m per season, is stepping down next month after 19 years at the organisation. The league’s UK…

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Persimmon boss retained £15m in bonus deal

Image copyright PA The ex-housebuilding executive, Jeff Fairburn – who gave up part of his huge bonus after a public outcry – is facing criticism over the shares he gave back. The former Persimmon boss said he would forego half his shares – but analysis carried out for the BBC found the ones he retained were the most beneficial. The reduction brought the value of his bonus down from £100m to £75m. Although the method used was legal, a more arbitrary cut across all the stock could have brought him…

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Persimmon boss refuses to answer questions about £75m bonus

Media playback is unsupported on your device Media captionPersimmon boss refuses to answer questions about £75m bonus The boss of house building firm Persimmon has walked off in the middle of a BBC interview after being asked about his £75m bonus. “I’d rather not talk about that,” Jeff Fairburn said, when asked if he had regrets about last year’s payout. The £75m, which was reduced from £100m after a public outcry, is believed to be the largest by a listed UK firm. Mr Fairburn has previously said he will give…

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Persimmon boss refuses to answer questions about £75m bonus

Persimmon boss Jeff Fairburn has walked off camera during a BBC interview after being asked about his £75m bonus. Mr Fairburn said it was “unfortunate” he had been asked about the payout, which was reduced from £100m after a public backlash. He has previously said he will give a “substantial proportion” of the bonus to charity. Interview by Spencer Stokes, business and transport correspondent for BBC Look North. Source link

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WH Stayers’ Million: Stradivarius wins Lonsdale Cup to secure £1m bonus

Stradivarius has become the first horse to win the Yorkshire Cup, Ascot Gold Cup, Goodwood Cup and Lonsdale Cup in the same season Stradivarius, ridden by Frankie Dettori and trained by John Gosden, wins the Lonsdale Cup at York to land the inaugural WH Stayers’ Million bonus. The £1m prize was announced in January for any ‘staying horse’ that won one of four races in May – including the Yorkshire Cup – followed by the Gold Cup at Royal Ascot, the Goodwood Cup and the Lonsdale Cup. “I didn’t feel…

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Technology 

TSB boss Paul Pester to give up £2m bonus amid IT mess

Media playback is unsupported on your device Media captionTSB chief executive Paul Pester grilled by MPs TSB chief executive Paul Pester will give up his “integration bonus” of £2m following the IT fiasco at the bank. However, his full pay and bonus package will not be decided until the end of 2018, the Treasury Committee has heard. He told the committee that the bank had received 40,000 complaints after millions of customer accounts were moved to a new computer system. MPs heard that no date could be set for the…

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