RE: RNSTranslator4 Sep 2020 21:10
If I remember rightly, Dan Levi was appointed CEO of Sefton around 5 years ago. He removed the existing BoD and installed a new one. He agreed to a payment of just £1, but when he suddenly left 3 months later (as it seems his criminal conviction for armed robbery was about to be disclosed, and I'm sure the readers here all know that should bar him from becoming a director), his fellow directors awarded him a payment of £50k and around £200k worth of shares.
I remember there were plenty of posters on the SER bb that all said he deserves every penny, or that it was not the shareholders concern what he was paid.
Within a few more months the company was made private as no nomad was prepared to take on the job, and in due course the remaining shareholders received a pittance as the company folded.
All imo and from my dubious memory.
I'm not saying DB is in the same category. Far from it, but some of the same investors who backed what happened at Sefton are involved here.
A placing seems to be on the cards, reading between the lines.