Thursday, April 30, 2009

Snouts In The Trough-Again!

Not quite politicians this time but a government owned investment company supposedly investing in poverty ridden countries. In other words another gravy train paid for by you and me.

The salary of CDC Group chief executive Richard Laing (pictured) rose from £383,000 in 2003 to £970,000 in 2007, the Commons Public Accounts committee found.

Brief biog of Richard Laing:

Chief Executive
Appointed as Chief Executive Officer in July 2004. He joined CDC in January 2000 as Finance Director and took up his role as Chief Executive following CDC's restructure in 2004. He is a trustee of the Overseas Development Institute, the UK's leading independent think tank on international development. Prior to this, he spent 15 years at De La Rue where he held a number of positions both in the UK and overseas, latterly as Group Finance Director. He was also a non-executive Director of Camelot plc. He previously worked in agribusiness in developing countries, and at PricewaterhouseCoopers.

Full story of this despicable prat and his 'company' here.

Contact details for CDC:

CDC Group plc
Cardinal Place
80 Victoria Street
London SW1E 5JL
United Kingdom

Tel: +44 (0)20 7963 4700

Fax +44 (0)20 7963 4750


As you finance them I'm sure they would love to hear from you!

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