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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