Summary
Equitable Life's 2006 accounts have been published. Yet again, they demonstrate that while customers of this shrinking mutual continue to get a raw deal, the executives responsible for steering it through troubled waters reap rich rewards.
By 'executives' I actually mean 'executive', for there is now only one responsible for ensuring the Equitable saga is brought to a happy end, either through a trade sale or a break-up of the remaining with-profits fund. And that is 58-year-old Charles Thomson, who has been its chief executive since March 2001.See the full content of this document
Extract
Pounds 2m to Watch Over Equitable's Death Throes
The latest accounts show he received Pounds 672,551 in 2006 for running Equitable.
This was received through a combination of salary (Po...See the full content of this document
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