Followers of natty John Smith, who left the BBC last year and is en route to Burberry will be delighted to learn that he's making do with a basic salary of £575k with his new employer. However, if he meets targets, there's a bonus of £3.8m. And he gets additional cash allowances for a car and threads.
He'll be called Chief Operating Officer, but really replaces Chief Financial Officer Stacey Cartwright, whose package this year was worth £3.2 million.
We'll have to wait to July to see what sort of farewell settlement John got from Auntie.
Friday, June 14, 2013
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