According to The Times today, John Mayo, who left the company last year after presiding over a catastrophic collapse in Marconi’s share value, has issued a writ at the High Court demanding the money in a dispute over the value of his company pension fund.
His claim comes despite a £1m severance payment, which he received after being ousted in the wake of a severe profits warning in July 2001.
In papers lodged at the High Court, Mayo is claiming the money to cover a tax charge that would be paid if he were to transfer his fund into a separate scheme.
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