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Relocation, relocation

When TS first came on to the Accountancy Age payroll, we were offered a relocation package. At the time, £100 seemed like a reasonable amount to move our desk as far away as possible from the rest of the staff.

But it looks like we’ve been fleeced, if some of the latest executive perks are anything to go by.

Richard Baker, the top man at high street chemist Boots, was given over £150,000 last year as part of a relocation package, after stepping down from Asda to take the job.

The end result was that Richie’s journey time to work was reduced by a whole 20 minutes, down to 55 minutes each way.

Cable & Wireless FD Charles Herlinger was also recently given £400k to move, although at least he was changing countries. TS feels that our location in the office needs to be reviewed, unless we are presented with some additional incentives to stay put.

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