close

Practice

Business

Tax

Technology

Regulation

Resources

Rankings

Advertise With US

    Information

    Bosses reap rewards of Warner Chilcott sale

    Bosses reap rewards of Warner Chilcott sale

    The sale of one of Ireland's largest companies, Warner Chilcott, to two US investment banks will result in significant payouts to its executives.

    Author Date published October 28, 2004 Categories

    Link: Boardroom pay deals race ahead

    Chief financial officer Geoffrey Elliott, a former partner with accounting firm Magee Todd & Vaughan, will receive £47m for his stake the pharmaceutical producer.

    And executive chairman John King will walk away with £124m after agreeing to the sale of the firm for £1.62bn to private equity funds controlled by JP Morgan Chase and Credit Suisse First Boston.

    According to reports in The Daily Telegraph, Warner Chilcott shares jumped 36 to 873p in trading yesterday, indicating investors think a higher bid is possible. In September, the shares were trading at 648p.

    Share

    Subscribe to get your daily business insights

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    2m Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    2m Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    3y Accountancy Age

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    2m Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    Accountancy people moves: March 2024
    Company News

    Accountancy people moves: March 2024

    3w Rachael King

    Accountancy people moves: March 2024

    The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

    View article
    Accountancy people moves: February 2024
    Company News

    Accountancy people moves: February 2024

    2m Rachael Kennedy

    Accountancy people moves: February 2024

    The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

    View article
    MHA takes over as auditor for Revolution Beauty
    Audit

    MHA takes over as auditor for Revolution Beauty

    2m Accountancy Age

    MHA takes over as auditor for Revolution Beauty

    This follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...

    View article
    Accountancy people moves: January 2024
    Company News

    Accountancy people moves: January 2024

    3m Rachael King

    Accountancy people moves: January 2024

    The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

    View article
    Will 2024 be the year the IPO market rebounds following a year of challenge and change?
    Business

    Will 2024 be the year the IPO market rebounds following a year of challenge...

    3m Accountancy Age

    Will 2024 be the year the IPO market rebounds foll...

    There is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...

    View article
    Accountancy people moves: December2023
    Company News

    Accountancy people moves: December2023

    4m Rachael Kennedy

    Accountancy people moves: December2023

    The ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...

    View article
    Accountancy people moves: November 2023
    Company News

    Accountancy people moves: November 2023

    5m Rachael King

    Accountancy people moves: November 2023

    KPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...

    View article
    Accountancy people moves: October 2023
    Company News

    Accountancy people moves: October 2023

    6m Greg Noble

    Accountancy people moves: October 2023

    The ICAEW has announced the appointment of its forthcoming chief executive Read More...

    View article