Help Sitemap Home Skip Navigation Contact Us Disability Statement

Endinburgh Council
 
 
Tuesday, 8th December 2009 Change Date

Boss's £18m gift to himself

Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

Published Date: 05 December 2006
THE boss of West Lothian building firm has handed himself an £18 million pay-out before taking a year off from business.
John Ward, head of Bathgate's Front Line Construction, received the huge sum after pre-tax profits were doubled to £5m in the year to the end of January 2006.

It is understood Mr Ward, 58, who owns 99 per cent of Front Line's shares, is "semi-retired" and is to take a year out before returning next April to serve another six months before leaving altogether.

Business at the company, which employs almost 200 people, will continue as normal under managing director Peter Doherty.



Page 1 of 1

  • Last Updated: 05 December 2006 9:46 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Executive fat cats
 
1

bikerider1,

05/12/2006 12:44:58

hey its his company , hes made it what it is, so good luck to him

2

Koffindodger,

05/12/2006 13:03:52

As long as its not some scam leaving his company in it I also say good for him!

3

baltoi,

Edinburgh 05/12/2006 13:09:12

Good for him. He has obviously worked hard for his money, and this is simply a non-story designed to try and whip up envy amongst the EN readership (with a web link to Executive fat cats)

Its about time Scotland started celebrating its successful business people, rather than trying to do them down.

4

mnky,

05/12/2006 13:16:33

Agreed!

There's a lot of stories like this in the EN.

5

HIS,

Edinburgh 05/12/2006 13:39:26

Good for him. Like most business owners he'll have put in a lot more than 40 hours a week.

6

Spondoolicks,

05/12/2006 14:57:20

Headline!

MAN IN SUCCESS STORY - THE SHAME OF IT!!!

7

Astro Turf,

05/12/2006 15:12:31

Well done John , I envy you but im not jealous. Enjoy yersel !

PS My dog is not well and my aunty has a disease. She loves the dog but knows it will soon die. Please can i have money to buy a HD TV , a digi cam corder so we can recreate the dog for her.

And a trip to the Burj Dubai as well for the dog aunty and me.

Thanks:


 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.