Downloading PDF. Please wait... Issue 1682

Easy life for retired bosses

This article is over 22 years, 4 months old
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.
Issue 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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