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Showing posts with the label Moir Lockhead

For the scrap heap , hopefully

There is money in scrap , particularly for the directors .

The Aberdeen based scrap metal reprocessor and steel trading firm and one time rag-and -bone company John Lawrie Group announced that they paid an un-named director £2.1 million in 2006, plus a further £300,000 in contributions to his pension scheme. This compares with a combined figure of £1.6 million in 2005.
The increase helped swell total directors' remuneration to £3.9m from £2.6m.

This individual is assumed to be Brian Meldrum the chairman who staged a management buy-out of the company in 1981 which saw him climb the league table of top corporate earners in Scotland.

Another one for the scrap-heap when the revolution comes .

And Moir Lockhead, chief executive of ScotRail operator FirstGroup, saw his remuneration fall just short of the magic £1 million mark in the last financial year. Lockhead received a basic salary of £461,000, a cash bonus of £254,000 and benefits-in-kind of £30,000 in the year to March 31. This totall…