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Saturday, September 05, 2009

Why some insurance participating policies have poor payout?

Despite the financial crisis, Wales insurance brand Admiral is still seeing growing profit. In fact, the insurance company is giving a record interim dividend. The head of the insurance brand, Henry Engelhardt, paid only £320,000-a-year, is said to be the poorest paid boss in the FTSE 100 and does not have a pension. He has came out to criticise seeing how his competitors are still paying millions if not billions of dollars to their chief executives and having their participating policies' bonuses trimmed.

Insurer boss attacks fat cat pay [via]

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