Summary
THE chairman of mutual insurance company Standard Life, Sir Brian Stewart, has spent much of his life in a brewery running Scottish and Newcastle. Judging by his performance at the insurer's annual meeting it is unlikely he was ever asked to organise a piss-up in one.
Standard Life has seen its value drop from pounds 16billion to pounds 4billion in four years, spectacular by any standard. But that didn't stop Sir Brian enthusiastically supporting a pay package of more than pounds 1million last year - pounds 927,000 in pay and bonuses and pounds 866,000 top-up to his pension - for chief executive Sandy Crombie. The company also spent millions of its policyholders' cash on a campaign to stop Standard Life going public, a decision now reversed. All in all, a pretty unimpressive display.See the full content of this document
Extract
Stotty On Sunday: Fat Cats Still Pulling Strokes
As a result Stewart and Crombie got some hefty stick from...
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