Early day motion tabled by primary sponsor Lord Foulkes of Cumnock (Labour), on Thursday, 6 May 1993, in the House of Commons. It is signed by 76 members in total.

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BONUS FOR MR PETER WOOD OF DIRECT LINE

That this House notes with concern that Peter Wood is to receive a ??10 million bonus as Chief Executive of Direct Line, the Royal Bank of Scotland's insurance subsidiary; considers this to be offensive when low paid workers are having wages pegged, frozen and cut; notes that all of this payment comes from the customers' pockets; and calls on the Government to take action to limit such excessive increases paid to already wealthy bosses.

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Secondary information

Type

Early day motion

Reference

1963 

Session

1992-93

Other sponsors

Lord Darling of Roulanish

Henry McLeish

George Howarth

Jim Dowd

Jimmy Boyce

Subjects

Insurance companies Pay Managers Royal Bank of Scotland Direct Line Insurance

Link

View this Early day motion on www.parliament.uk