Friday, June 14, 2013

Checks

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.

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