BusinessCompany NewsITV FD in line for big pay day

ITV FD in line for big pay day

Long-serving ITV FD could earn £1.3m if media group succumbs to private equity offer

Henry Staunton, the veteran ITV and Granada finance director pushed aside by
chief executive Charles Allen this year, could earn £1.3m if the private equity
bid for ITV is successful.

This would be an improvement on the total pay package of £1m he earned in
2005, The Times reports.

The ITV board, however, has so far rejected the private equity offer led by
former BBC director-general Greg Dyke and backed by Goldman Sachs, Apax Partners
and Blackstone.

The consortium has put up an offer of £1.27bn for 48% of the broadcaster, but
this week the ITV board will meet with shareholders and explain why the offer
was rejected.

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