Sarin took half a mill in 'sod off' expenses
PrintCareer in British politics surely beckons
Posted in Mobile, 3rd June 2009 08:24 GMT
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The ex-boss of Vodafone Arun Sarin took relocation payments of £500,000 to get himself and his luggage back to the US after leaving the mobile giant.
Admittedly unlike most of the MPs caught up in the expenses row, Sarin did deliver profits of over £10bn at the firm he ran for five years. He also worked hard to win over a sceptical board and shareholders, and got Vodafone a slice of the enormous Indian market.
Vodafone's annual report reveals the figure, only a fraction of the £8.1m Sarin pocketed in his last year.
And the firm got a much better deal than when Sarin moved from the US to the UK to take up his post - that cost Vodafone £835,000, the FT reports.
Vodafone said that Sarin's successor Vittorio Colao would not be getting a similar payment when he clears his desk. ®
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