RE: H&W Exec Directors Pay3 Aug 2024 21:27
Makes me sick.
Two executive directors of Harland & Wolff were paid close to £3 million in wages and bonuses in the two years after the company they headed carried out a successful take over.
John Wood, this week terminated as chief executive officer, and Arun Raman, chief financial officer, were both paid more than half a million in bonuses in the seven months after the troubled Belfast shipyard was purchased for £5.25m in late 2019.
Mr Wood was paid £448,000 in wages for the year ending July 2020, while Mr Raman was paid £390,000, according to accounts filed by InfraStrata, the company that took over H&W.
They received bonuses of £554,000 and £519,000 respectively.