Anger Over Pounds 760,000 Payoff for Ex-Northern Rock Boss

Summary


THE controversial chief executive who led Northern Rock to the brink of collapse has been awarded a Pounds 760,000 payoff.

Adam Applegarths bonanza, which will be revealed when the bank publishes its annual accounts tomorrow, comes despite the fact the newly-nationalised bank still owes taxpayers Pounds 25billion.

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Anger Over Pounds 760,000 Payoff for Ex-Northern Rock Boss

Applegarth, 46, is also entitled to draw on a Pounds 2.5million pension pot on...

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