An added bonus

Those shareholders who lost all their money when Interserve went into administration last month would probably do well to avoid turning to page 69 of its 2018 annual report. The firm’s two executive directors, boss Debbie White and finance director Mark Whiteling, pocketed just under £2m between them – including more than £650,000 in bonuses. There is some hope, however, for those outraged by it all. The small print points out that the bonuses had not yet been paid by the time the report was signed off – a week before the administration. But I guess we’ll never know because, thanks to its prepack administration, the firm has been taken private so it won’t have to bother with this level of detail in the future. Which, I suspect, is a relief to some.

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