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Payday: Three former bosses at buyout specialist Melrose have shared more than £330m
Three former bosses at buyout specialist Melrose have shared in a bonus pot worth more than £330million - as revealed by the Mail on Sunday.
Co-founders Simon Peckham and Chris Miller and ex-finance director Geoffrey Martin were understood
to have been the biggest winners when the 2020 incentive scheme paid out yesterday.
The vast share-based awards totalling £334million were triggered after a sharp rise in the value of the
FTSE 100's stock since the scheme was introduced four years ago.
Melrose was transformed by the controversial
£8billion takeover in 2018 of engineer GKN, which was
subsequently broken up and saw hundreds of jobs lost.
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Peckham, Miller and Martin have all left over the past year.
They were expected to have received almost half the bonus bonanza with the rest divided among other Melrose executives.
The company said yesterday that it had paid a £157million total in cash to HMRC
to meet tax liabilities arising from the bonus pot, with shares worth £177million given to the recipients.
The 2020 scheme entitled Melrose's top 21 directors and senior staff
to shares worth 7.5 per cent of the market value over four years,
a period over which it has more than doubled to £8billion.
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The Rice Purity Test, originating from Rice University, is a questionnaire designed to evaluate a person's innocence through 100 diverse questions. These questions span various aspects of life, including personal habits, romantic relationships, and exposure to illegal activities. It serves as a tool for individuals, particularly students, to assess their experiences and compare them with peers. While not scientifically rigorous, the test is widely used for entertainment and as a conversation starter, allowing people to reflect on their life experiences in a lighthearted manner: https://rice-purity-test.info/
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18 Comments
654141 926809Was koche ich heute - diese Frage stellen sich tag fuer tag viele Menschen. Und wir haben tag fuer tag die perfeckte Antwort darauf! Besuchen Sie uns auf unserer Webseite und lassen Sie sich von uns beraten . Wir freuen uns auf Sie! 651996
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The Rice Purity Test, originating from Rice University, is a questionnaire designed to evaluate a person's innocence through 100 diverse questions. These questions span various aspects of life, including personal habits, romantic relationships, and exposure to illegal activities. It serves as a tool for individuals, particularly students, to assess their experiences and compare them with peers. While not scientifically rigorous, the test is widely used for entertainment and as a conversation starter, allowing people to reflect on their life experiences in a lighthearted manner. https://ricepuritytesttool.com/
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797332 794119Excellent post however , I was wanting to know in case you could write a litte far more on this topic? Id be really thankful if you could elaborate just a little bit further. Bless you! 678557
Does your blog have a contact page? I'm having problems locating it but, I'd
like to shoot you an email. I've got some suggestions for your blog you might be interested in hearing.
Either way, great website and I look forward to seeing itt grow over time.
803506 840030We are a group of volunteers and opening a new scheme in our community. Your web website given us with valuable details to work on. Youve done an impressive job and our entire community will be grateful to you. 857693
Payday: Three former bosses at buyout specialist Melrose have shared more than £330m
Three former bosses at buyout specialist Melrose have shared in a bonus pot worth more than £330million - as revealed by the Mail on Sunday.
Co-founders Simon Peckham and Chris Miller and ex-finance director Geoffrey Martin were understood
to have been the biggest winners when the 2020 incentive scheme paid out yesterday.
The vast share-based awards totalling £334million were triggered after a sharp rise in the value of the
FTSE 100's stock since the scheme was introduced four years ago.
Melrose was transformed by the controversial
£8billion takeover in 2018 of engineer GKN, which was
subsequently broken up and saw hundreds of jobs lost.
RELATED ARTICLES
Previous
1
Next
Sainsbury chief Simon Roberts paid £5m last year (but that's...
M&S bosses share £9m as High Street chain's recovery sparks...
Ownership of Royal Mail should be a top election issue,...
Shein closes in on £50bn London listing despite concerns...
Share this article
Share
HOW THIS IS MONEY CAN HELP
How to choose the best (and cheapest) stocks and shares Isa and
the right DIY investing account
Peckham, Miller and Martin have all left over the past year.
They were expected to have received almost half the bonus bonanza with the rest divided among other Melrose executives.
The company said yesterday that it had paid a £157million total in cash to HMRC
to meet tax liabilities arising from the bonus pot, with shares worth £177million given to the recipients.
The 2020 scheme entitled Melrose's top 21 directors and senior staff
to shares worth 7.5 per cent of the market value over four years,
a period over which it has more than doubled to £8billion.
DIY INVESTING PLATFORMS
Easy investing
Stocks & shares Isa
£1.50 fund dealing
0.25% fee on fund holdings
Investment ideas
Free fund dealing
Free fund dealing
0.45% account fee capped for shares
Flat-fee investing
No fees
From £4.99 a month
Trade shares and funds for £3.99
Social investing
Social investing
Share investing
30+ million global community
No account fee
Investment account
Free share dealing
Free fractional share*
Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence.
*T&Cs apply.
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706176 995991Hiya! Wonderful weblog! I happen to be a day-to-day visitor to your web site (somewhat more like addict ) of this website. Just wanted to say I appreciate your blogs and am seeking forward for much more to come! 592291
The Rice Purity Test, originating from Rice University, is a questionnaire designed to evaluate a person's innocence through 100 diverse questions. These questions span various aspects of life, including personal habits, romantic relationships, and exposure to illegal activities. It serves as a tool for individuals, particularly students, to assess their experiences and compare them with peers. While not scientifically rigorous, the test is widely used for entertainment and as a conversation starter, allowing people to reflect on their life experiences in a lighthearted manner: https://rice-purity-test.info/
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