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Pay fury at engineering giant as four fat cats share Four bosses of engineering giant Melrose Industries have pocketed 36 million each in one of the City's biggest ever payouts Four bosses of engineering giant Melrose Industries pandora charms canada have pocketed 36 million each in one of the City's biggest ever payouts.
A 144 million pot will be split between executive chairman Christopher Miller, executive vice chairman David Roper, chief executive Simon Peckham and finance boss Geoff Martin. It is part of a wider bonus pool of 210 million, with the rest being shared by 20 other managers. The payments are part of a long term incentive plan (LTIP) linked to the value of the company's shares. When it was agreed in 2012 its shares were about 41p, while they closed last night at 239.25p. Melrose, which pandora charms stockists specialises in turning around underperforming firms and selling them at a profit, said it returned 3.5 billion to shareholders over the period. But it follows continued criticism of executive remuneration, including from Prime Minister Theresa May who has vowed to crack down on fat cat pay. Melrose, which specialises in turning around underperforming firms and selling them at a profit, said it returned 3.5 billion to shareholders over the period Sir Martin Sorrell, chief executive of WPP, took home 70 millionlast year, while BP boss Bob Dudley's 15 millionpayout in 2015 triggered a shareholder revolt at the company's AGM. Melrose shareholders have been largely supportive of the payout, although 17 per cent voted against the future LTIP at the company's AGM Last year, Peckham was paid 987,000, Martin got 803,000, Miller 549,000 and Roper 548,000. Melrose declared a loss of 69.3 millionwhile it made revenues of 889 million. The company insisted shareholders were supportive, and the four executives will pay about 70 millionof tax on the sum. Most watched Money videos The new Nissan Qashqai will be in the showrooms from next month Jaguar Land Rover teases the pandora bracelet promotion opening of its classic car tour Instant karma!: Thief stopped by lorry driver quick thinking Investing Show: Are stockmarkets too expensive? Is this the best car used advert ever? Vitara gets CGI treatment Rolls Royce showcases its bespoke capabilities in stylish car Unsettling digital safety advert will make you think twice online The world largest luxury car Machine in Singapore How should investors deal with the UK election result? Footage showing the amazing evolution of the Porsche 911 Carrera Should you worry about the election and your investments? Investing Show: John Redwood on whether Trump can deliver Sainsbury's to buy convenience rival Nisa in 130m deal,. Daily Briefing: Possible deal as Scottish Widows in line. Jaguar Land Rover jobs drive for engineers who can create. MARKETS LIVE: FTSE jumps at the opening pandora dealers bell as David. ALEX BRUMMER: Hammond must be heard 'failure to secure. Brexit vote fuelled 146bn betting frenzy in City amongst. Private equity giant Blackstone backs UK property by. Co op Bank in 'advanced talks' with investors over. Women's retailer Bonmarch suffers 40% profits fall as. MIDAS SHARE TIPS UPDATE: Vital signs are improving at. A surprise surcharge AFTER you have paid it's the. Roaming may now be 'free' when you're abroad but you. 'Brexit is a lose lose proposition, harmful both to. Sainsbury's to buy convenience rival Nisa in 130m deal,. North South divide opens up in buy to let market as study. We're in crisis, say firms as EU workers shun UK: New.
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