WINNERS AND LOSERS

Doug Flynn's end-of-year report was more of a kick in the behind than a pat on the back. The Rentokil chief executive saw his pay packet cut by 38 per cent to [pound]1.3m in 2005-06. The remuneration committee said tactfully that there was "more to do" at the company, before awarding the boss lower pay. A drop in profits and lost contracts at the world's largest pest-control company are just two of the problem areas the 57-year-old Australian has to work on.

Leonhard Fischer showed Credit Suisse exactly what he thought of the bank's decision to appoint Brady Dougan as chief executive. He stormed out.

Mr Fischer, the former regional head of Europe, the Middle East and Africa, was so furious at being overlooked for the post that he quit to become co-chief executive of RHJ International, the Belgian parent of the New York private equity firm Ripplewood Holdings. He had been tipped as the prime candidate for the top job at Credit Suisse after overseeing the sale of the bank's Winterthur insurance division to Axa.

Despite presiding over an era of poor ratings and declining ad sales at ITV, Charles Allen, the former chief executive, walked off with more than [pound]5.4m in cash and shares.

It was too much to stomach for some of ITV's shareholders, who are limbering up for a protest vote at the group's AGM. The payout is nearly twice what Mr Allen was expected to get when he announced his intention to leave last August.

Michael Grade, ITV's executive chairman, who was brought in to turn the ailing broadcaster around after Mr Allen's reign, will get a share package worth up to [pound]6m if he does a good job. The hefty payout is subject to performance targets and Mr Grade will not be able to cash in the shares until 2012.

Copyright 2007 Independent Newspapers UK Limited
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