Ashcroft pay put at pounds 2m

Saturday 29 May 1993 23:02 BST

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

MICHAEL ASHCROFT, chairman and chief executive of ADT, the Bermuda-based security and car auction group, was paid more than pounds 2m in 1992, it was reported yesterday.

Documents filed with the US Securities and Exchange Commission are said to show that he received pounds 1.44m in salary and that pounds 596,000 was paid into a trust in lieu of death and retirement benefits. During 1991 and 1992, ADT's capitalisation has virtually halved to about pounds 617m. Ashcroft's salary remained unchanged from 1991. He received pounds 1.2m in 1990.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Ashcroft pay put at pounds 2m

Join our commenting forum

Thank you for registering