This week’s Accountancy Age/ Reed Accounting Personnel survey shows 40% of more than 400 FDs polled, would work without pay to save their company.
Regus FD Stephen Stamp and his chief executive Mark Dixon said they would work for free, a sentiment echoed by many of the FDs questioned.
Stephen Fish, FD at BWE, said he would work with no pay because he is a shareholder, while Simon Goldring, finance director at Goldring Motors, said no pay would help protect staff and maintain service. ‘It’s also about pride and job satisfaction,’ he added.
Many FDs did however say there was little chance of them taking a 100% pay cut. One said: ‘This is a personal preference, I need work, financially the people at Regus don’t.’
Of the 49% who would not work for nothing, incentive remained a key issue. ‘If you have no financial gain there is not point,’ another FD said.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars