Snooo: So the £11m pension was a reward for... what?

from the guardian.the phoenix four - credited with saving mg rover - and the chief executive they brought in have made â£40m out of the business they bought for â£10 in 2000. the four - John towers, along with midlands car industry executives John Edwards, nick stephenson and peter beale and chief executive kevin howe, have drawn salaries of more than â£11m and benefited from â£17m of payments into private trust funds. the phoenix four have collected almost â£12m in interest and capital payments on loan notes given to them as part of the corporate restructuring which followed the purchase of the car company. a guardian investigation last year suggested that phoenix venture holdings controls businesses and assets, excluding mg rover, with a value of around â£70m. through a complex finan...