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Jim Smith

Accounts and compensation for "loss of office"

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Hoola Han Solo wrote the following post at 2016-10-29 12:43 PM:

Why do some get so offended that the board gets paid? Do you expect them to work for free? Would you? Most other big companies in the world pay their directors too you know.

WORK! Seriously!?

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[quote user="Ron Manager"] Surely his payoff was in lieu of his notice period. There would no doubt be a lengthy notice period for both sides in his contract and as his position became untenable due to his resignation the club were obliged to pay him the notice period for him to go immediately. A rough guess taking the amount into consideration was probably an 18 month notice period.[/quote]
Think that''s what the sensible ones amongst us had assumed.

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Exactly, those up top work very hard to to ensure we have a perfectly weighted lack of ambition to make sure there''s plenty for the Norfolk ol'' boys to moan about and they deserve to get paid for it! It''s all about creating a sustainable ecosystem.

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