Tel: 01992 471001
Direct Line Group (DLG) bosses will be paid multi-million pound bonuses as the insurer prepares for its planned flotation, according to the Sunday Times.
DLG chief executive Paul Geddes is expected to receive shares worth about £3m when the RBS-owned insurance unit is spun off from its parent this year, the newspaper said.
The “golden handcuff” deals are designed to lock in senior staff following the initial public offering.
It is understood the bonus schemes will pay out only if the senior staff hit performance targets and stay at the firm for at least three years.
The company, which announced 891 job losses earlier this month as part of a £100m cost saving plan, has also not ruled out further job cuts.
There is no doubting the fact that increased accessibility to insurance on-line has generated a more competitive paying field for the insurance …
5 Aug 2019
The core message at the centre of consumer advertising for insurance, particularly motor and home, from those household brands, you know the …
29 Jul 2019
Ever stopped to wonder if your insurance policy purchased on-line is “fit-for-purpose”?
Of course the schedule of insurance will include all the usual …
19 Jul 2019
