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07 May 2003
As the lobby against fat cat pay for failed executives reaches fever pitch, it has been revealed that Helen Weir received the enormous payout when her job at subsidiary B&Q was moved to Kingfisher's head office in London.
Such bonuses, along with the revelation that Sir Geoff Mulcahy, Kingfisher's chairman, will earn a final salary pension of £790,000 a year, has angered trade unions.
Data compiled by Income Data Services shows that, on average, executive pay has risen by 25%, the Independent reported.
Trade union body Amicus labelled such an increase 'obscene'.
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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.
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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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