Steven Crawshaw, the former chief executive of the part-nationalised Bradford & Bingley, received more than £1m last year even although he only worked for five months because of ill health, The Guardian reports.
The 47-year-old, who is reportedly suffering from a serious heart condition, is already receiving a £105,000 annual pension. The company's annual report shows Crawshaw's total pay for 2008 is bolstered by £365,000 representing his basic salary in lieu of notice for the period up to 28 February 2009. The report, published today, also said the company had incurred a £507m charge to cover mortgages, which had turned sour, up from £22.5m in 2007. Full story… Barclays turned down the chance to take part in the Government's Asset Protection Scheme yesterday as it continues to steadfastly adhe...
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