Fat cat gets fatter
Paul Walsh, who stepped down as chief executive of Diageo in June, trousered a cool £14.8 million in his last year in the role, mainly as a result of incentive plans linked to the company's performance
.
According to Lord Davies of Abersoch, chairman of Diageo's remuneration committee: The company has delivered exceptionally strong three-year total shareholder return performance relative to its peer group for the performance period that ended on 30 June 2013.
And this is the basis, in large part, of Walsh's pay-out.
The workers who were laid off from the company's historic Kilmarnock plant, to further that shareholder return performance, must be very happy for him. (rolleyes)