Chris Brook-Carter

Put paid to that

By: Chris Brook-Carter - 19 April 2004 14:56

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An interesting contradiction was spotted by the UK’s Daily Mail newspaper today. Allied Domecq chairman Sir Gerry Robinson, in a book tied into a BBC TV series, called I'll Show Them Who's Boss, has hit out at boardroom bonuses.

Robinson says: "Senior management bonus systems destabilise a business, cause arguments and prompt resignations. If you have one get rid of it."

However, the Daily Mail points out that in January, Robinson chaired Allied’s AGM where major shareholders objected to the firm's pay policy, including a £1m-plus bonus for chief executive Philip Bowman, taking his package to £2m.

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