Dismissed CE gets package

THE dismissed chief executive of the Woolwich Building Society in Britain, Mr Peter Robinson, is on the point of agreeing a compensation…

THE dismissed chief executive of the Woolwich Building Society in Britain, Mr Peter Robinson, is on the point of agreeing a compensation package involving an annual pension of £165,000, it was claimed yesterday. An alternative deal could see Mr Robinson, who left the company two months ago, opt to receive a tax free lump sum of up to £370,000 plus a reduced annual pension of £135,000 a year. Reports says that if Mr Robinson accepts the offer, he will abandon a compensation claim based on a two year notice period which he would have been entitled to under his normal contract of service.