Socialist Outlook

Socialist Viewpoint, International, Socialist Outlook and their supplements, 1984–2002

Sugar boss lett to lump it

Socialist Outlook no. 55, January 15 1994 · 142 words

Editorial

STEPHEN Brown, managing director of Tate & Lyle, joined the ever swelling ranks of Britain's jobless and homeless last March, when he got the boot for 'failing to resolve differences over management style'.

The poor man lived in what must have been Britain's swishest tied cottage, a luxury house in Kensington.

Brown paid just 30 per cent of the mortgage, while Tate & Lyle picked up the rest of the tab. When he lost his job, the company turfed him out.

But when you work for a sugar company, there will inevitably be a sweetener. It was revealed last month that Tate & Lyle gave Brown a golden handshake (or should that be a golden syrup?) of £1.1 million.

He also picked up a £285,000 from the sale of * the house. Shares rose 2p to 397p as the story broke.

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