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30 Sep 2003
Reports have revealed that Knapp would receive at least $66,000 (£40,000) in consulting fees on top of a $2.1m severance package from NTL, which operates in the UK, but is listed in the US.
Knapp is being paid $6,000 a day for consulting work at NTL, the FT reported.
The need for a study of executive pay was highlighted by the head of its compensation committee, Jeffrey Benjamin, who said such a study must be undertaken before an employment contract with Simon Duffy, the newly-appointed chief executive can be agreed.
Duffy is currently being paid £385,000 a year based on his contract agreed to when he was hired as chief operating officer.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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