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BAE Systems hands Woodburn £2m pay rise after poaching bid

BAE Systems hands Woodburn £2m pay rise after poaching bid

Business
Britain's biggest defence contractor has handed its chief executive a multimillion pound pay rise as its board scrambled to prevent a rival FTSE-100 company from poaching him.Sky News can reveal that BAE Systems has increased Charles Woodburn's base salary by well over £100,000 and awarded him an additional 'golden handcuffs' share package worth £2m to ensure his continued tenure at the company. City sources said on Friday that BAE's board had consulted widely with its top shareholders on the issue and had received their support to incentivise Dr Woodburn to stay.Details of the special remuneration arrangements, which the company described as a "one-off", were contained in BAE's annual report published this week.Dr Woodburn's annual salary has been increased to just over £1.1m, while a per...
Covid rule-breakers ‘have blood on their hands’

Covid rule-breakers ‘have blood on their hands’

Health
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How good was Roy Jones Jr? The man who knocked a guy out with his hands behind his back is fighting Mike Tyson who bit a man’s ear off

How good was Roy Jones Jr? The man who knocked a guy out with his hands behind his back is fighting Mike Tyson who bit a man’s ear off

Sports
Is this Mike Tyson’s comeback fight or a showcase of two legends when he takes on Roy Jones Jr? You could be forgiven for thinking it’s the former such is the buzz Tyson’s name generates. Whatever he is doing or involved with, he is the story and given his storied career, it’s easy to see why. Getty Images - Getty Jones Jr had an uncanny knack of where to be and where to move in the ring Getty He is a former pound-for-pound king who fought much more recently than Tyson But Roy Jones Jr is truly a boxing legend. A genuine luminary of the sport, his legacy is one precious few can match, and yet, the shadow of Tyson looms large. The pair will face off this Saturday in an eight-round exhibition fight, which is live...
CSB Bank, IIFL Finance join hands to offer gold loans in untapped locations

CSB Bank, IIFL Finance join hands to offer gold loans in untapped locations

Finance
NEW DELHI: Private sector lender CSB Bank has tied up with IIFL Finance to offer gold loans in untapped locations, including rural areas. Under the partnership, IIFL, a non-banking financial company, will act as a business correspondent of CSB Bank and will source new business from markets where CSB Bank does not have adequate branch network. IIFL, with its vast branch network, would help CSB Bank penetrate the lower strata of customers and rural areas, where the bank currently does not have adequate reach. This arrangement would result in scaling up of the customer base, a joint statement said. "CSB Bank endeavours to serve individuals who are either under-banked or un-banked. Gold loan is the core business driver for the bank. IIFL Finance with its extensive branch network, robust techno...
Chelsea transfer news LIVE: Havertz in good hands, Sarr to Leverkusen, Declan Rice deal difficult – even Triple H says no

Chelsea transfer news LIVE: Havertz in good hands, Sarr to Leverkusen, Declan Rice deal difficult – even Triple H says no

Sports
Chelsea have been the busiest of the Premier League clubs in this summer’s transfer window. The Blues have completed the signings of Hakim Ziyech, Timo Werner, Ben Chilwell, Malang Sarr and Thiago Silva and now are eyeing more big deals, while a number of players have been put up for sale. Keep up to date with all the latest Chelsea news and transfer gossip below… Let's block ads! (Why?) talkSPORT