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    ITV 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

    Author Date published March 26, 2006 Categories

    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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