BusinessCompany NewsRover directors paid £1m

Rover directors paid £1m

Salaries remained buoyant while car maker crumbled

Former directors of collapsed car manufacturer MG Rover were paid salaries
totalling £1m in 2004, shortly before the company folded.

The figures will be revealed when the final full-year accounts of the company
are published later this week, according to The Times. After missing
three previous Companies House deadlines, the accounts must be published by
Thursday if the directors want to avoid disqualification and prosecution.

The salaries figure was only slightly down from that of the previous year,
when the directors received £1.2m, but none of the four Phoenix directors took
substantial pension payments.

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