Burton, the well-known High Street clothing group currently pushing through a mass redundancy programme. is to pay out £250,000 in deferred bonuses to a couple of former chief executives. in return for doing absolutely no work whatsoever. Hey, way to go!
The beneficiaries are Sir Raiph "five-times-a-Knight" Halpem, who's copious copulation with a leading topless model made tabloid headlines before his resignation in 1990, and Lawrence Cooklin, his successor, who lasted just 15 It's not as if either is exactly skint. Sir Ralph received 3 12 million pay-off and a pension of $456.000 for life. Cooklin got £773,000, and just last week took a £200,000-a-ycar job as chief executive at Rammers, those well-known purveyors of crap jewellery.
The Burton hand-outs are part of a generous 'executive Sir Ralph instituted while still in advice, but Ralphie Boy had ap parenny stenco ine ocar up rcal group's total bill for 'executive compensation' to £2.4 million in the last six months alone. I'm sure you socialists will argue that the combined total of £4.6 million should have been wasted on keeping pits open or something. Nadir hits My mate Asil Nadir - great guy, let me tell you - appears to have jumped bail and done a runner to the Med. Slightly ironic for a man who gave the law and order party a hefty £1.5 million, including £443,000 without the legally required declaration. Still. plenty more where that came Last flotation Lastly, this week's extremely poor taste joke: I see Sir Roy Watts, chair of Thames Water, topped himself by deliberately drowning in the very river his company took its name from. Now that's what I call really throwing yourself into your work!
SOCIALIST OUTLOOK No. 42 May 15, 1993. Page 12 stop our WOSA does not believe that the policies of the IMF/World Bank will bring relief to the suffering of our people. Instead dreaded structural adjustment ploited people.
Nonetheless, the vast majority of our people look to the negotiations process and the Conference therefore al-