Wednesday, 20 January 2010

Forget the Banker’s Bonuses – Cadbury’s Boss Makes £12m Whilst Workers Fear for Their Jobs…

Don’t worry Cadbury workers – you may all lose your jobs over the next few months, now that the company has been sold off to Kraft Foods, but at least chief executive, Todd Stitzer, will be making £12m from the deal.

“After more than 25 years at the firm, 56-year-old Stitzer is also sitting on a £15m pension pot that promises to pay out £1.5m a year when he retires.” says the Guardian.  This coming after “the group's chairman Roger Carr admitted he had put shareholders first and job losses were inevitable.”

Again - “principled capitalism” anyone?

No comments:

Post a Comment