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05/01/2009: "£1m-a-year salary for the head of a government-owned company set up to combat developing world poverty"

The "extraordinary" £1m-a-year salary for the head of a government-owned company set up to combat developing world poverty has been attacked by MPs.

The salary of CDC Group chief executive Richard Laing rose from £383,000 in 2003 to £970,000 in 2007, the Commons Public Accounts committee found.

But the Department for International Development, its 100% shareholder, was not properly consulted, the MPs said.

[ The whole thing sounds like a scam. Not that anything will be done about it. It is par for the course. ]

http://news.bbc.co.uk/1/hi/uk_politics/8026006.stm