UK - Schemes have slammed a £1.3m payoff to NTL president and chief executive Barclay Knapp who led the firm to seek Chapter 11 bankruptcy protection.
Knapp’s golden handshake represented three times his annual salary. The NAPF said the payoff was further evidence that executives’ contracts should be limited to two years or less – one-year rolli...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
