Latest:
Wilson Bowden chief enjoys £1m pay packet
10:01 27 Mar 2003
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David Wilson's remunerations ran to more than £1m last year, a
combination of his basic £650,000 salary from housebuilder
Wilson Bowden, plus a bonus of £325,000 and other benefits in
kind worth £77,000.
Wilson would have grounds for feeling justified in trousering such a huge sum, as the group of which he is chairman racked up a record pre-tax profit of £180m in 2002, well ahead of the £140m in the previous year.
Last year's pay might have failed to match Wilson's spending tastes, as he made a further £27m from the sale of some of his shares in Wilson Bowden.
That still leaves enough in reserve to keep the wolf from the door: with shares currently trading at £7.60 each and Wilson holding a further 33 million, his residual stake has a value of £250m.
Two more of Wilson Bowden's directors were paid more than £500,000: finance director Ian Robertson; and Mike Stansfield, who heads up the David Wilson Homes division.
Wilson would have grounds for feeling justified in trousering such a huge sum, as the group of which he is chairman racked up a record pre-tax profit of £180m in 2002, well ahead of the £140m in the previous year.
Last year's pay might have failed to match Wilson's spending tastes, as he made a further £27m from the sale of some of his shares in Wilson Bowden.
That still leaves enough in reserve to keep the wolf from the door: with shares currently trading at £7.60 each and Wilson holding a further 33 million, his residual stake has a value of £250m.
Two more of Wilson Bowden's directors were paid more than £500,000: finance director Ian Robertson; and Mike Stansfield, who heads up the David Wilson Homes division.
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