Summary
NORTHERN Rock will hand big bonuses to 500 executives despite condemning taxpayers to losses of Pounds 3.8million a day.
The payout plan unveiled yesterday clashes with Gordon Brown's insistence last week that no banker associated with a loss can receive a bonus.See the full content of this document
Extract
Big Bonuses for 500 Northern Rock Chiefs [Edition 2]
Bradford & Bingley, another state-owned bank, also wants to spend millions of pounds on immediate and deferred payouts.
Northern Rock revealed yesterday that it lost Pounds 1.4bill...See the full content of this document
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