The former finance director will receive the money when he leaves in March, even though he is resigning rather than being made redundant. The package comprises a year’s pay and bonuses.
It is understood that Pain has been considering resigning for some time and is looking for other opportunities in the retail banking sector, according to the Financial Times.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements