Enterprise pays full whack for a part-time FD
Monday 26 December 2011
The former finance director of pubs giant Enterprise Inns left with a £500,000 farewell package despite having retired voluntarily and stepped down from the board almost a year ago.
Enterprise shares have lost three-quarters of their value in the 11 months since David George stood down as finance director last January. He remained an employee of the company for another six months.
Enterprise's accounts revealed he was paid exactly the same – £746,000 – in the year to last September as he was in the previous 12 months.
Even when he left Enterprise's employment at the end of July, he moved on to a £100,000-a-year consultancy deal to take him through until next August.
Mr George was at Enterprise almost for 20 years and the pub company even picked up a £5,000 legal bill for advice about his payoff. By contrast, Enterprise's chief executive Ted Tuppen saw his pay package slashed from £1.22m to £910,000 in the past year as pre-tax profits fell by 10 per cent.
- 1 Scarlett Johansson new band 'already hit with legal complaint' from another The Singles
- 2 Husband and wife die holding hands within hours of each other after 67 years of marriage
- 3 What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 5 'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Husband and wife die holding hands within hours of each other after 67 years of marriage
Mohammed Emwazi: Nine things we know about Isis militant 'Jihadi John'
What color is The Dress, white and gold or blue and black? An eyewitness gives a definitive answer
'Jihadi John': Mohammed Emwazi – from British computer programmer to Isis executioner
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Oscars 2015: Birdman beats Boyhood as Eddie Redmayne and Patricia Arquette win big - as it happened
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
This is what it's like to be dead, according to a guy who died for a bit
Aqsa Mahmood branded a 'disgrace' by her parents after claims she recruited three UK girls flying to Middle East
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...