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It is normal for bosses to claim costs for business travel.
These are not taxable and therefore not included in the company reports. Argos said: ‘As part of his role, John [Rogers] is required to spend a considerable amount of time each week away from home.‘The accommodation and travel costs associated with this are business expenses, rather than perks for personal gain.’ National Grid said: ‘National Grid’s board asked John Pettigrew to relocate from Warwick to London.‘In keeping with our relocation policy, which is applicable to all employees whose jobs move location, the company reimbursed him for expenses related to the relocation.‘These included the rental of accommodation in the short-term and associated expenses, the payment of stamp duty on his purchased property and reasonable travel expenses between London and the Midlands before the purchase was completed.’Carnival said Mr Donald had to reimburse the company for any use of the private jet over the £155,000 a year threshold. Christopher Bailey has enjoyed a meteoric rise at high-end fashion brand Burberry, famed for its trench coats, joining as design director in 2001 and taking the helm of the business in 2014.
Yet Mr Bailey, originally from Halifax, will still pocket a substantial benefits package even in his diminished role.
On top of his salary, he is entitled to a cash allowance of £440,000 a year as well as private medical insurance worth £18,000, life assurance worth £6,000 and disability insurance worth £5,000.
The chief executive of Argos, John Rogers, 48, who made £1.6million last year, also got £42,647 in accommodation costs, and a £6,500 travel allowance because he frequently had to visit Milton Keynes in Buckinghamshire from his home in Surrey.Arnold Donald, 62, can use the jet for up to 30 hours a year, and last year racked up a bill of £76,000.Mr Donald, a married father of three, made £7.4million last year.His love for the territory may be bolstered by the fact he can stay in properties owned by the bank during his travels – which would otherwise have cost him £263,000.HSBC paid £211,000 in tax associated with these stays – and also gave Mr Gulliver £64,000 in car benefits, as well as £63,000 in insurance costs.