Socialist Worker

Easy life for retired bosses

Issue No. 1682

PENSIONERS ARE trying to survive on a basic £3,471 a year. But top directors retire on that much a WEEK and more, according to Labour Research.

  • SIR GEORGE BULL, the boss of drinks giant Diageo, retired two years ago on a pension of £533,000 a year.
  • SIR RICHARD SYKES of Glaxo Wellcome is set to get a pension of £494,000.
  • LORD HOLLICK, owner of the United News and Media group that produces the Daily Mail, will get £478,000.
  • RICHARD GREENBURY, head of Marks & Spencer, retired last June on £465,000.
  • Scottish Power's chief executive, IAN ROBINSON, is set to retire on a pension of £180,000 a year.


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Article information

News
Sat 5 Feb 2000, 00:00 GMT
Issue No. 1682
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