Wednesday, 2 April 2008

Applegarth Pay-Off Revealed As £1.1million

Robin Ashby received angry messages about the size of Applegarth’s pay-off, and duly relayed them to SKY, BBC TV Breakfast, BBC TV North East and several others. There was some spinning going on about the total. In addition to a £760,000 pay-off he is to receive £340,000 into his pension fund, which now stands at over £2,500,000, and will yield a pension of over £300,000. Not much sign of hardship there, and it looks as if we were deceived about the pay-off when he left part way through working his notice.

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