The company said that the bonuses were offered to tie the three men into the process, which was vital to its success.
But the news is bound to outrage Marconi shareholders who gathered at the annual meeting of the company in London yesterday.
Steve Hare, finance director, will enjoy a total pay out of £562,500 of which he has already received half. Mike Parton, chief executive, and Michael Donavon, chief operating officer, have also received half of their respective £787,500 and £600,000 windfalls.
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