Pension and award payouts for former Provident Financial CEO
The former boss of crisis-hit Provident Financial, Peter Crook, will still receive a pension worth £1.26m and has kept share awards currently worth around £500,000.
He left the sub-prime lender after 10 years in charge when it revealed a profit warning last month that caused the company's share price to crash, wiping off £1.7bn in a single day.
Crook has, however, been forced to forgo his base salary, pension accrual and benefits for his contractual 12-month notice period.
Provident told the stock market that former chief... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
