WH Smith director gets £866,000 pay-off
Tuesday 07 December 2004
The former WH Smith director who was sacked after last year's disastrous Christmas will have earned close to £600,000 in salary this year.
Beverley Hodson, who was fired as managing director of the group's UK retail operations after WH Smith issued a swingeing profits warning in January, cost the group £866,000 overall in the past year.
Only Kate Swann, the chief executive, earned more last year - £1.3m - the group's annual report and accounts for 2004 revealed yesterday.
Ms Hodson's remuneration package includes £569,000 she received in compensation for her salary for the year to 31 January 2005. It also includes the £112,000 bonus Ms Hodson was paid to stay on last Christmas after she was passed over for the chief executive's post, and a £100,000 cash injection for her pension.
Richard Handover, who became chairman after Ms Swann was appointed, saw his total pension pot soar to £5m last year, up from £4.7m the previous year.
WH Smith said it planned to update the market about Christmas, when it makes two-thirds of its profits, on 19 January. Its shares leapt 8.75p to 305.5p.
- 1 Sofyen Belamouadden murder: The inside story of a crime that horrified Britain
- 2 How to turn off/stop 'seen by' on Facebook: Disable it to make your chats seem less passive aggressive
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 'We're not heroes, just tourists': Swedish police officers on holiday stop vicious assault on New York subway
- 5 Buckingham Palace guard who attacked passers-by in 'most most violent piece of CCTV footage' police officer had seen walks free
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...