tag:blogger.com,1999:blog-532540929589136198.post8608291612399009601..comments2023-10-23T08:31:46.168-07:00Comments on LEAP economics: Northern Rock seizes 11 homes a weekUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-532540929589136198.post-87162087036007208502008-10-16T03:09:00.000-07:002008-10-16T03:09:00.000-07:00This is the same nationalised Northern Rock where ...This is the same nationalised Northern Rock where Ron Sandler, Executive Chairman of NR, was <a href="http://news.scotsman.com/uk/39Non-dom39--tax-status.3794162.jp" rel="nofollow">being paid £1.1m a year</a> – but will have his salary fall to £350,000 after handing over executive duties to Gary Hoffman, former Barclays banker who joined as chief executive two weeks ago. <a href="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4383542.ece" rel="nofollow">Hoffman will receive £2m over 2 years</a>.<br><br>Oh, and Adam Applegarth, the Chief Executive who led Northern Rock down the toilet, <a href="http://www.guardian.co.uk/business/2008/apr/01/northernrock.executivesalaries" rel="nofollow">got a £760,000 payoff when he left as it was nationalised</a>.Anonymousnoreply@blogger.com