Carlton chief to get £1.4m pay-off

CARLTON Communications chairman Michael Green is set to receive a £1.4 million pay-off when the group merges with Granada despite not having a formal contract.

Carlton chief to get £1.4m pay-off
Mon, 08 Dec, 2003 - 00:00
Nicky Burridge

Mr Green is due to leave the group when the merger is complete after being ousted as chairman of the new ITV plc in October by institutional investors led by Fidelity Investments.

News of the pay-off is understood to be included in the listing particulars for the merger.

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