ITV ex-chairman nets £15m pay-off

Green, ex-chairman of ITV, has received a £15m pay-off, in what is believed to
be the biggest ever case of so-called ‘rewards for failure’ in UK history.

pay out is made of £13.2m in share options and £1.8m in cash, which Green
received after being ousted from ITV.

was asked to stand down last year by shareholders following the collapse of ITV
Digital, the company’s pay television service.

month, Patricia Hewitt, the trade and industry secretary, ruled against
legislation to stop such pay outs.

By Michael Millar

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