Sponsored by
Bonus for Wolfson chief despite loss
WOLFSON Microelectronics chief executive Mike Hickey was paid a bonus worth £146,000 for 2009 despite the company falling to its first full-year loss since prior to its 2003 flotation.
According to the company's annual report, Hickey, who became chief executive at the start of last year, was awarded a special cash bonus of 7.5 per cent of his basic salary for each quarter Wolfson's cash balance was higher than it was at the start of 2009.
Including his salary, bonus and additional benefits – which include travel costs between Edinburgh and his home in Winchester – Hickey's total pay package was worth 433,000.
Email to a friend
Print this page- Alistair Darling leads ‘No to independence’ fight over tea and biscuits
- Scottish independence: SNP flip-flops over Nato
- Today’s youth not fit to be employed, says car firm Arnold Clark
- Scottish Independence: SNP ‘won’t be Yes campaign’s only voice’
- Rangers takeover: Duff & Phelps threaten legal action against BBC
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 10 C to 23 C
Wind Speed: 12 mph
Wind direction: North
Tomorrow
Sunny spells
Temperature: 9 C to 21 C
Wind Speed: 14 mph
Wind direction: North east
